Marcus & Millichap Brokers Sell Retail Property In Bridgewater For $4.67M
SOLD
$4,670,000
New Jersey
See Similar DealsRetail14,637 SF
Sold
SOLD
Marcus & Millichap Brokers Sell Retail Property In Bridgewater For $4.67M
564 Union Avenue, Bridgewater, NJ 08807
See Similar DealsRetail14,637 SF
Sold
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$319
Total Square Footage:14,637 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$249,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,591.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,138.18
Annual Debt Service$265,658.19
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