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962 North Olden Avenue

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

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

962 North Olden Avenue

$3,780,000

$212/SF

Building Size

17,790 SF

Asset Type

Retail

Closing

Jun 27, 2022

AI

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

Matthews

Broker

$116.4M

vol

18 deals

Broker

David Fisher

Buyer

$16.9M

vol

3 deals

Buyer

Trenton 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

4.20%

Cash-on-Cash

-1.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93