Updated Dec 4, 2024
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
About this deal
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
- Property Type: Retail
- Transaction Amount: $1,000,000
- Address: 944 South Orange Avenue
- Market: Newark
- Seller: Joe Sheena
- Broker: Ryan Cerqueira - The Quinas Companies
Ryan Cerqueira from The Quinas Companies represented the seller, Joe Sheena, in this retail property transaction.
On the Map
$1,000,000
$100/SF
Retail
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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