Updated Dec 18, 2023
Richard J Saker Acquires Retail Property In South Plainfield, NJ For $21.3M
6001 Hadley Road, South Plainfield, New Jersey 07080, United States
$21,300,000
Building Size
—
Asset Type
Retail
Closing
Mar 28, 2022
About this deal
AI
The property involved in this transaction is a retail asset located at 6001 Hadley Rd in South Plainfield, NJ. The property was sold on 03/29/2022 for a total price of $21,300,000. The buyer of the property was Richard J Saker, and the seller was Loomis J Grossman Jr.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $21,300,000
- Address: 6001 Hadley Rd, South Plainfield, NJ
- Market: South Plainfield, NJ
Richard J Saker acted as the buyer in this transaction, while Loomis J Grossman Jr represented the seller's interests.
Players
South Plainfield 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93