$100M Medical Facility & Retail Sale In New Jersey By Net-Lease Property Group Mid-Atlantic Team - CBRE
New Jersey, United States
$100,000,000
Building Size
—
Asset Type
Retail
Closing
Jun 29, 2022
AI
A medical facility and retail property in New Jersey has been sold for approximately $100,000,000. The transaction was completed on June 29, 2022. The property is located in the New Jersey market. No additional information is available about the property asset.
Summary of transaction details
- Property Type: Medical Facility & Retail
- Transaction Amount: $100,000,000 (Approx.)
- Market: New Jersey
The sale of the property was facilitated by the Net-Lease Property Group Mid-Atlantic Team at CBRE, represented by brokers Matthew Gorman, Michael Shover, Thomas Finnegan, and Robert Thompson.
Players
Jackson 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93