Gardners Shed Acquires 6000 SF Property In Jefferson With Rep Joseph Vindigni Of NAI James E. Hanson
802 Nj-15, Jefferson, NJ, 07849
Building Size
6,000 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
The property asset involved in the transaction is a retail building located at 802 Nj-15, Jefferson, NJ, within the Lake Hopatcong market. The building encompasses a total area of 6,000 square feet and consists of seven rentable units. It also features ample parking and offers 50 feet of lake access.
Summary of transaction details:
- Property Type: Retail Building
- Transaction Amount: Not disclosed
- Address: 802 Nj-15, Jefferson, NJ, 07849
- Market: Lake Hopatcong
- Seller's Representative: Joseph Vindigni, NAI James E. Hanson
- Buyer: Gardners Shed
Joe Vindigni of NAI James E. Hanson represented the seller, BD Newhouse LLC, in this transaction. The buyer, Gardners Shed, intends to occupy a portion of the building while utilizing the remainder as an income-producing investment property. NAI Hanson stated that the property’s strategic location and variety of tenants contributed to the investment opportunity in this market.
Players
Lake Hopatcong 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93