Marcus & Millichap Brokers $11M Sale Of QuickChek Property In Woodbridge Township
989 US-1, Woodbridge Township, NJ 07001
$11,000,000
$2,421/SF
Building Size
4,543 SF
Asset Type
Retail
Closing
May 9, 2023
AI
Marcus & Millichap has brokered the sale of a QuickChek property in Woodbridge Township for $11 million. The 4,543-square-foot, net-leased property is located at 989 US 1 Highway in a robust retail corridor with numerous national tenants.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,000,000
- Address: 989 US 1 Highway
- Market: Woodbridge Township
- Square Footage: 4,543
- Price per Square Foot: $2,421
The sale was facilitated by John Horowitz, Justin Natalizio, and Eric Anton from Marcus & Millichap. They represented the buyer and seller in this transaction.
Players
New Jersey Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93