Updated Sep 9, 2024
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
$4,115,000
$240/SF
Building Size
17,105 SF
Asset Type
Retail
Closing
Mar 10, 2022
About this deal
AI
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.
Players
Mays Landing 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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93