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Horvath & Tremblay Brokers Acquire Caliber Collision In Bordentown For $5.89M
SOLD
$5,890,000
New Jersey
See Similar DealsRetail18,080 SF
Sold 11/22/2023
SOLD
Horvath & Tremblay Brokers Acquire Caliber Collision In Bordentown For $5.89M
60 Burlington Pike
See Similar DealsRetail18,080 SF
Sold 11/22/2023
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$325
Total Square Footage:18,080 SF
Transaction Type:Sale
The $5,890,000 sale of Caliber Collision in Bordentown, NJ has been completed by Horvath & Tremblay's Brian Ahrens and Michael Lombardi. The property, located at 60 US Route 130, is a retail asset consisting of an 18,080 sq. ft. building on a 3.56-acre parcel. The construction of the property was completed in 2019. Caliber Collision, the tenant, has a Triple (NNN) lease with a duration of over 11 years and rental increases every 5 years.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,890,000
- Address: 60 US Route 130, Bordentown, NJ
- Market: Bordentown
- ACRES: 3.56
Horvath & Tremblay's Brian Ahrens and Michael Lombardi were the brokers representing the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,925.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,921.60
Annual Debt Service$335,059.26
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