John (JP) Colussi & Jesse Dubrow Of MSC Retail Sell Mays Landing Retail Property For $4.1M
SOLD
$4,115,000
New Jersey
See Similar DealsRetail17,105 SF
Sold 03/11/2022
SOLD
John (JP) Colussi & Jesse Dubrow Of MSC Retail Sell Mays Landing Retail Property For $4.1M
6056 Harding Highway, Mays Landing, New Jersey 08330, United States
See Similar DealsRetail17,105 SF
Sold 03/11/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$240
Total Square Footage:17,105 SF
Transaction Type:Sale
The retail property located at 6056 Harding Hwy in Mays Landing, NJ has been sold for a price of $4,115,000. The transaction took place on March 11, 2022. The property spans across 17,105 square feet, resulting in a price per square foot of $241. The property was listed for sale by John (JP) Colussi and Jesse Dubrow from MSC Retail.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,115,000
- Square Footage: 17,105
- Price Per Square Foot: $241
- Address: 6056 Harding Hwy, Mays Landing, NJ
- Market: Mays Landing, NJ
John (JP) Colussi and Jesse Dubrow, representing MSC Retail, were the brokers involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$219,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,619.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,507.20
Annual Debt Service$234,086.39
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