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
Bordentown Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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