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944 South Orange Avenue

Joe Sheena Sells Retail Property On South Orange Avenue In Newark For $1M
SOLDRetail

Joe Sheena Sells Retail Property On South Orange Avenue In Newark For $1M

944 South Orange Avenue

$1,000,000

$100/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Dec 6, 2023

AI

The retail property located at 944 South Orange Avenue in Newark has been sold. The property spans 10,000 square feet and was sold for a price of $1,000,000, resulting in a price per square foot of $100.

Summary of transaction details

Ryan Cerqueira from The Quinas Companies represented the seller, Joe Sheena, in this retail property transaction.

Players

Ryan Cerqueira

The Quinas Companies

Broker

$36.4M

vol

13 deals

Broker

Newark 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93