KHC Development Inc. Acquires Retail Property In East Brunswick, NJ For $4.9M
SOLD
$4,925,000
New Jersey
See Similar DealsRetail25,000 SF
Sold 09/16/2021
SOLD
KHC Development Inc. Acquires Retail Property In East Brunswick, NJ For $4.9M
762 State Route 18, East Brunswick, NJ 08816
See Similar DealsRetail25,000 SF
Sold 09/16/2021
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$197
Total Square Footage:25,000 SF
Transaction Type:Sale
A retail property located at 762 Rt.18 in East Brunswick, NJ has been sold for a total of $4,925,000. The property spans a total of 25,000 square feet, resulting in a price per square foot of $197. The transaction took place on 09/16/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,925,000
- Address: 762 Rt.18, East Brunswick, NJ
- Market: East Brunswick, NJ
The buyer of the property is KHC Development Inc., while the seller is Wow Plaza III Inc. Representing the buyer in the deal is Mario Brunelli from RJBCO, and representing the seller is Ellen Quentzel from Jordan Barris.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$262,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,497.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,347.01
Annual Debt Service$280,164.15
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