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6200 US Route 9, Howell, Ne...

Updated Dec 21, 2023

Bernie Gutherz Of Century 21 Sells Retail Property In Howell Township For $2.4M
SOLDRetail

Bernie Gutherz Of Century 21 Sells Retail Property In Howell Township For $2.4M

6200 US Route 9, Howell, New Jersey 07731, United States

$2,400,000

$240/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Jun 29, 2022

About this deal

AI

An retail property located at 6200 US-9 in Howell Township has recently been sold for a price of $2,400,000. The property spans over 10,000 square feet, resulting in a price per square foot of $240. The transaction took place on June 30, 2022. The asset is situated in a retail market.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,400,000
  • Address: 6200 US-9, Howell Township
  • Square Footage: 10,000
  • Price per Square Foot: $240
  • Market: Howell Township

The sale was facilitated by Bernie Gutherz from Century 21, who represented the involved parties in the deal. The presence of Bernie Gutherz ensured a smooth transaction for the retail property.

Players

Bernie Gutherz

Century 21

Broker

$7.4M

vol

2 deals

Broker

Howell Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $240 per square foot on a published $2.4M for 10,000 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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