National Net Lease Group Acquires Retail Property In Brooklawn For $8.82M
690 Crescent Boulevard, Brooklawn, New Jersey 08030, United States
$8,820,000
$1,781/SF
Building Size
4,950 SF
Asset Type
Retail
Closing
Aug 11, 2022
AI
The retail property located at 690 Crescent Boulevard in Brooklawn has been sold for $8,820,000. The property sits on 1.49 acres of land and has a total square footage of 4,950. The sale price per square foot is $1,782, and the property was sold at a cap rate of 4.05%.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,820,000
- Address: 690 Crescent Boulevard
- Market: Brooklawn
- Land Size: 1.49 Acres
- Square Footage: 4,950
- Price per Square Foot: $1,782
- Cap Rate: 4.05%
The sale of this retail property was facilitated by Winston Guest, Britt Raymond, Kyle Fant, and Sabrina Kortlandt, representing the National Net Lease Group at SRS Real Estate Partners.
Players
Gloucester City 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
1.80%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93