Updated Sep 5, 2024
JLL Capital Markets Brokers $9M Sale Of Retail Property At 727 Broad St, Newark
727 Broad St, Newark, NJ, USA
$9,000,000
$144/SF
Building Size
62,275 SF
Asset Type
Retail
Closing
Aug 16, 2021
About this deal
AI
The retail property located at 727 Broad St in Newark has been sold for $9,000,000. Spanning across an area of 62,275 square feet, the property was acquired in a closed transaction. The price per square foot for this sale was $145. The deal was facilitated by brokers Michael Oliver, Marta Villa, Jose Cruz, Kevin O'Hearn, and Steve Simonelli of JLL Capital Markets.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,000,000
The sale of the retail property at 727 Broad St in Newark was successfully closed with the involvement of brokers Michael Oliver, Marta Villa, Jose Cruz, Kevin O'Hearn, and Steve Simonelli from JLL Capital Markets. These brokers played a key role in facilitating the deal, ensuring a smooth transaction for all parties involved.
Players
Newark Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93