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
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