Marcus & Millichap Brokers Sell Retail Property In Bridgewater For $4.67M
564 Union Avenue, Bridgewater, NJ 08807
$4,670,000
$319/SF
Building Size
14,637 SF
Asset Type
Retail
Closing
Nov 17, 2021
AI
The property involved in this closed transaction is a retail asset located at 564 Union Ave in Bridgewater. The property spans 14,637 square feet and was sold for $4,670,000, resulting in a price per square foot of $319.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,670,000
- Market: Bridgewater
- Address: 564 Union Ave
The deal was facilitated by the brokers Brent Hyldahl, Alan Cafiero, and Ben Sgambati from Marcus & Millichap. They played a crucial role in representing the parties involved in this transaction.
Players
Bridgewater Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.40%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93