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David Fisher Acquires Retail Property In Ewing From Samir Kotadia For $3.78M

Property Image
SOLD
$3,780,000
Michael Moreno
Rahul Chhajed
+ 1

New Jersey

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Retail17,790 SF
Sold 06/27/2022
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Property Image
SOLD

David Fisher Acquires Retail Property In Ewing From Samir Kotadia For $3.78M

962 North Olden Avenue

See Similar Deals
Retail17,790 SF
Sold 06/27/2022
Michael Moreno
Rahul Chhajed
+ 1
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$212
Total Square Footage:17,790 SF
Transaction Type:Sale

The retail property located at 1962 N Olden Ave Ext in Ewing was recently sold for a price of $3,780,000. The property spans a total area of 17,790 square feet, resulting in a price per square foot of $212. The transaction took place between the buyer, David Fisher, and the seller, Samir Kotadia.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,780,000
  • Address: 1962 N Olden Ave Ext
  • Market: Ewing

The transaction was facilitated by the broker team consisting of Josh Cordray, Michael Moreno, and Rahul Chhajed from Matthews Real Estate Investment Services.

Players

Michael Moreno
18 deals$116.4M volume(661) 369-4474
BROKER

Rahul Chhajed
Matthews
16 deals$104.9M volume
BROKER

Josh Cordray
Matthews
1 deal$3.8M volume
BROKER

Details

SOLD
IMAGE: Josh Cordray, Michael Moreno & Rahul Chhajed DATE: 06/27/2022 ADDRESS: 1962 N Olden Ave Ext MARKET: Ewing ASSET TYPE: Retail BUYER: David Fisher SELLER: Samir Kotadia BROKERS: Josh Cordray, Michael Moreno & Rahul Chhajed - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $3,780,000 SF: 17,790 ~ PPSF: $212

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$201,600.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,429.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,919.13
Annual Debt Service$215,029.54