Suburban Development LLC Acquires Property In Avenel With Buyer's Representative John Lenaz
SOLD
New Jersey
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SOLD
Suburban Development LLC Acquires Property In Avenel With Buyer's Representative John Lenaz
906 Us-1, Woodbridge Township, NJ, 0...
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Summary
NEW JERSEY
Asset Type:Retail
Transaction Type:Sale
The property involved in this transaction is a one-acre retail development site located at 906 Us-1, Woodbridge Township, NJ, within the Avenel market. The site formerly housed Bud's Hut restaurant, which operated for the last 50 years. Suburban Development LLC is set to redevelop the property, planning a 2,200-square-foot restaurant building with a drive-thru and an additional 3,000-square-foot retail building.
Summary of transaction details:
- Property Type: Retail Development Site
- Transaction Amount: Undisclosed
- Address: 906 Us-1, Woodbridge Township, NJ
- Market: Avenel
- Buyer: Suburban Development LLC
- Seller: Unknown
- Buyer's Representative: John Lenaz - R.J. Brunelli & Co. LLC
John Lenaz from R.J. Brunelli & Co. represented both the buyer, Suburban Development LLC, and the unknown seller in this transaction, facilitating the successful sale of the property.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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