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60 Burlington Pike

Horvath & Tremblay Brokers Acquire Caliber Collision In Bordentown For $5.89M
SOLDRetail

Horvath & Tremblay Brokers Acquire Caliber Collision In Bordentown For $5.89M

60 Burlington Pike

$5,890,000

$325/SF

Building Size

18,080 SF

Asset Type

Retail

Closing

Nov 22, 2023

AI

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.

Players

Michael Lombardi

Horvath & Tremblay

Broker

$114.8M

vol

29 deals

Broker

Bordentown 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

2.69%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93