Nakoda Bherav Acquires Retail Property In Edison, NJ For $17M
SOLD
$17,000,000
New Jersey
See Similar DealsRetail415 SF
Sold 05/17/2022
SOLD
Nakoda Bherav Acquires Retail Property In Edison, NJ For $17M
905 US Route 1, Edison, New Jersey 08817, United States
See Similar DealsRetail415 SF
Sold 05/17/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$40,963
Total Square Footage:415 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08
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