Kislak Acquires Retail Property In Egg Harbor City, NJ For $6.97M
SOLD
$6,967,033
New Jersey
See Similar DealsRetail5,585 SF
Sold 02/10/2022
SOLD
Kislak Acquires Retail Property In Egg Harbor City, NJ For $6.97M
600 White Horse Pike, Egg Harbor City, NJ 08215
See Similar DealsRetail5,585 SF
Sold 02/10/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$1,247
Total Square Footage:5,585 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$371,575.09
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,752.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,027.29
Annual Debt Service$396,327.49
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