Updated Sep 5, 2024
Nakoda Bherav Acquires Retail Property In Edison, NJ For $17M
905 US Route 1, Edison, New Jersey 08817, United States
$17,000,000
$40,963/SF
Building Size
415 SF
Asset Type
Retail
Closing
May 16, 2022
About this deal
AI
The retail property located at 905 US-1 in Edison, NJ has been sold in a recent transaction. The property spans 415 square feet and is categorized as a retail asset. The sale took place on 05/17/2022, with a sale price of $17,000,000, resulting in a price per square foot of $40,963. The seller, Bill Horner, successfully closed the deal with the buyer, Nakoda Bherav.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $17,000,000
- Address: 905 US-1, Edison, NJ
- Market: Edison, NJ
- Square Footage: 415
Raj Whadwa from Global Realty Services represented both parties as the broker in this transaction.
Players
Edison Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Raj Whadwa to view all their deals.
Browse New Jersey retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93