Kislak Acquires Retail Property In Egg Harbor City, NJ For $6.97M
600 White Horse Pike, Egg Harbor City, NJ 08215
$6,967,033
$1,247/SF
Building Size
5,585 SF
Asset Type
Retail
Closing
Feb 9, 2022
AI
The retail property located at 600 White Horse Pike in Egg Harbor City, NJ has been sold for a total price of $6,967,033. The transaction took place on February 10, 2022, and the property spans a total area of 5,585 square feet. The price per square foot amounts to $1,247.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,967,033
- Date: February 10, 2022
- Address: 600 White Horse Pike, Egg Harbor City, NJ
- Market: Egg Harbor City, NJ
- Square Footage: 5,585
The sale of the property was facilitated by Jason Pucci and Justin Lupo from Kislak. They represented the parties involved in the deal, acting as their brokers.
Players
Egg Harbor City 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
2.28%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93