Marcus & Millichap Sells Retail Property At 600-724 North 2nd Street In Millville For $1.56M
SOLD
$1,560,000
+ 1
New Jersey
See Similar DealsRetail33,841 SF
Sold 07/22/2025
SOLD
Marcus & Millichap Sells Retail Property At 600-724 North 2nd Street In Millville For $1.56M
600 724 North 2nd Street
See Similar DealsRetail33,841 SF
Sold 07/22/2025
+ 1
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$46
Total Square Footage:33,841 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$83,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,542.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,395.20
Annual Debt Service$88,742.35
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