facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Retail

/

Sale

/

618 U.S. 22, North Plainfie...

Marcus & Millichap Brokers Sell Retail Property In North Plainfield, NJ For $3.05M
SOLDRetail

Marcus & Millichap Brokers Sell Retail Property In North Plainfield, NJ For $3.05M

618 U.S. 22, North Plainfield, NJ, USA

$3,050,000

$230/SF

Building Size

13,222 SF

Asset Type

Retail

Closing

Apr 4, 2021

AI

A retail property located at 618 Route 22 in North Plainfield, NJ was recently sold for a price of $3,050,000. The asset spans a total area of 13,222 square feet, equating to a price per square foot of $231.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,050,000
  • Address: 618 Route 22, North Plainfield, NJ
  • Market: North Plainfield, NJ
  • Size: 13,222 square feet
  • Price per Square Foot: $231

The deal was facilitated by Brent Hyldahl, Alan Cafiero, and Ben Sgambat from Marcus & Millichap. They represented the parties involved in the transaction.

Players

Ben Sgambati

Marcus & Millichap

Broker

$121.9M

vol

19 deals

Broker

North Plainfield Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.20%

Cash-on-Cash

-1.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93