Updated Aug 13, 2026
LJL Realty Co. Acquires Retail Asset In Hazlet, NJ From Onyx Equities For $44M
3010 State Rd 35 S
$44,000,000
Units
190,007
Asset Type
Retail
Closing
May 6, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 3010 State Rd 35 S in Hazlet, NJ. This retail asset encompasses 190,007 square feet and was sold for a transaction amount of $44,000,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $44,000,000.00
- Address: 3010 State Rd 35 S
- Market: Hazlet, NJ
- Units: 190,007
- Buyer: LJL Realty Co.
- Seller: Onyx Equities
The key individuals involved in this transaction include LJL Realty Co. as the buyer, representing their interests in acquiring the property, while Onyx Equities served as the seller of the retail asset.
Players
Hazlet 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93