Rep Partners Acquires Retail Property In Ellenville For $9.15M
100-112 Shoprite Boulevard
$9,150,000
$161/SF
Building Size
56,555 SF
Asset Type
Retail
Closing
Dec 15, 2022
About this deal
AI
The retail property located at 100-112 Shoprite Boulevard in Ellenville has been sold for a price of $9,150,000. The asset consists of a total of 56,555 square feet, resulting in a price per square foot of $162. The property was bought by Rep Partners from Core Equity Partners, facilitated by brokers Jordan Alleva and Hayden Heacox of Newmark.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,150,000
- SF: 56,555
- PPSF: $162
- Buyer: Rep Partners
- Seller: Core Equity Partners
- Broker: Jordan Alleva & Hayden Heacox - Newmark
The involvement of Jordan Alleva and Hayden Heacox of Newmark played a crucial role in successfully closing the deal. They represented Rep Partners, the buyer, in this transaction, ensuring a smooth and efficient process for both parties involved.
Players
Ellenville 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
1.73%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93