Marcus & Millichap Sells Retail Property At 600-724 North 2nd Street In Millville For $1.56M
600 724 North 2nd Street
$1,560,000
$46/SF
Building Size
33,841 SF
Asset Type
Retail
Closing
Jul 21, 2025
AI
The property asset involved in the transaction is a retail space located at 600-724 North 2nd Street in Millville. The sale price was $1,560,000, and the total square footage of the property is 33,841, resulting in a price per square foot of $46.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,560,000
- Address: 600-724 North 2nd Street
- Market: Millville
- Square Footage: 33,841
- Price per Square Foot: $46
The deal was represented by brokers Mark Krantz, Adam Sklaver, Derrick Dougherty, and Philip Kates from Marcus & Millichap, who played a crucial role in facilitating the transaction.
Players
Millville 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
10.17%
Cash-on-Cash
-2.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93