April Blount Of Berkshire Hathaway HomeServices Represents Buyer In Retail Sale At 8 Johns Drive For $1.45M
SOLD
$1,450,000
New Jersey
See Similar DealsRetail3,500 SF
Sold 10/03/2024
SOLD
April Blount Of Berkshire Hathaway HomeServices Represents Buyer In Retail Sale At 8 Johns Drive For $1.45M
8 Johns Drive
See Similar DealsRetail3,500 SF
Sold 10/03/2024
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$414
Total Square Footage:3,500 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 8 Johns Drive in Warren. The sale price for this asset was $1,450,000. It encompasses a total area of 3,500 square feet, resulting in a price per square foot of $414.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,450,000
- Square Footage: 3,500 SF
- Price per Square Foot: $414
- Date of Sale: 10/03/2024
- Buyer's Representative: April Blount at Berkshire Hathaway HomeServices
- Market: Warren
- Address: 8 Johns Drive
This transaction prominently featured April Blount as the buyer's representative, operating under Berkshire Hathaway HomeServices. The representation suggests a focused approach in navigating the retail market in Warren, emphasizing professional negotiation and transaction management throughout the sale process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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