Updated Oct 19, 2026
Horizon Equities & Urbana Partners Sell Retail Asset To Jason Gerbsman In Toms River For $18.5M
931 Fischer Boulevard
$18,500,000
$180/SF
Building Size
102,331 SF
Asset Type
Retail
Closing
Sep 1, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at 931 Fischer Boulevard in Toms River. The asset encompasses a total square footage of 102,331 and was sold for a transaction price of $18,500,000, which equates to a price per square foot of $180.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,500,000
- Address: 931 Fischer Boulevard
- Market: Toms River
- Square Footage: 102,331
- Price Per Square Foot: $180
- Seller: Horizon Equities & Urbana Partners
- Buyer's Representative: Jason Gerbsman - Hudson Real Estate
- Seller's Representative: Shane Wierks - Jeffery Realty
The individuals involved in the deal include Jason Gerbsman, representing the buyer through Hudson Real Estate, and Shane Wierks, representing the seller through Jeffery Realty. Their roles were pivotal in facilitating the transaction between Horizon Equities, Urbana Partners as the seller, and the buyer.
On the Map
$18,500,000
$180/SF
Retail
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Players
Toms River Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93