NNN Pro Group Represents Buyer In $14.29M LA Fitness Sale In Linden New Jersey
950 West Edgar Road
$14,287,879
$348/SF
Building Size
41,000 SF
Asset Type
Retail
Closing
Sep 27, 2024
AI
The property asset involved in this transaction is a retail space located at 950 West Edgar Road in Linden. The sale price for the property was $14,287,879, encompassing a total area of 41,000 square feet. The price per square foot stands at $348.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,287,879
- Sale Date: 09/27/2024
- Address: 950 West Edgar Road
- Market: Linden
- Square Footage: 41,000
- Price per Square Foot: $348
The buyer was represented by Glen Kunofsky, Anthony D'Ambrosia, Josh Kanter, and Christopher Marks from The NNN Pro Group - Marcus & Millichap. The seller was represented by Kyle Fant and Britt Raymond from SRS Real Estate Partners. Chris Marks arranged the financing for the buyer through Marcus & Millichap Capital Corporation.
Players
Linden 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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93