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950 West Edgar Road

NNN Pro Group Represents Buyer In $14.29M LA Fitness Sale In Linden New Jersey
SOLDRetail

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

Christopher Marks

Marcus & Millichap

Broker

$75M

vol

7 deals

Broker

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