Marcus & Millichap Brokers Sell Retail Property In North Plainfield, NJ For $3.05M
SOLD
$3,050,000
New Jersey
See Similar DealsRetail13,222 SF
Sold
SOLD
Marcus & Millichap Brokers Sell Retail Property In North Plainfield, NJ For $3.05M
618 U.S. 22, North Plainfield, NJ, USA
See Similar DealsRetail13,222 SF
Sold
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$230
Total Square Footage:13222 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$162,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,836.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,458.56
Annual Debt Service$173,502.67
Is there something missing? Send suggestions