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LJL Realty Co Acquires Retail Property In Somerset For $12.95M

Property Image
SOLD
$12,950,000
Andre Balthazard
Andrew "Andy" Schwartz
+ 1

New Jersey

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Retail42,116 SF
Sold 08/16/2022
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Property Image
SOLD

LJL Realty Co Acquires Retail Property In Somerset For $12.95M

920 Hamilton Street, Somerset, New Jersey 08873, United States

See Similar Deals
Retail42,116 SF
Sold 08/16/2022
Andre Balthazard
Andrew "Andy" Schwartz
+ 1
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$307
Total Square Footage:42,116 SF
Transaction Type:Sale

The retail property located at 920 Hamilton St. in Somerset has been sold for a total price of $12,950,000. The transaction took place on 08/16/2022 and involved LJL Realty Co as the buyer and Adoni Property Group as the seller. The property spans a total square footage of 42,116, resulting in a price per square foot of $307.

Summary of transaction details

Andrew Schwartz, Jordan Sobel, Seth Pollack, and Andre Balthazard from Cushman & Wakefield represented all parties involved in the deal. They played a crucial role in facilitating the transaction, ensuring a successful sale of the retail property.

Players

Andrew "Andy" Schwartz
38 deals$333.5M volume
BROKER

Jordan Sobel
Cushman & Wakefield
43 deals$395.1M volume
BROKER

Andre Balthazard
Cushman & Wakefield
39 deals$351.5M volume
BROKER

Seth Pollack
Cushman & Wakefield
5 deals$48.9M volume
BROKER

Details

SOLD
IMAGE: Andrew Schwartz, Jordan Sobel, Seth Pollack & Andre Balthazard DATE: 08/16/2022 ADDRESS: 920 Hamilton St. MARKET: Somerset ASSET TYPE: Retail BUYER: LJL Realty Co SELLER: Adoni Property Group BROKERS: Andrew Schwartz, Jordan Sobel, Seth Pollack & Andre Balthazard - Cushman & Wakefield SALE PRICE: $12,950,000 SF: 42,116 ~ PPSF: $307

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$690,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,008.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,389.61
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