Updated Aug 13, 2026
Polimeni International LLC Sells Retail Asset At 686-698 Oak Tree Ave For $40M
686-698 Oak Tree Ave.
$40,000,000
Units
219,780
Asset Type
Retail
Closing
Aug 21, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 686-698 Oak Tree Ave. in South Plainfield, NJ. The asset comprises 219,780 square feet and was sold for a total price of $40,000,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $40,000,000.00
- Address: 686-698 Oak Tree Ave.
- Market: South Plainfield, NJ
- Units: 219,780
- Seller: Polimeni International LLC
The transaction featured Polimeni International LLC as the seller. Details about any buyer or broker representatives involved were not provided in the context.
Players
South Plainfield 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93