SOLDRetail
George Goodrich Acquires Retail Property In Oceanside For $2.85M
332 Atlantic Avenue
$2,850,000
$193/SF
Building Size
14,750 SF
Asset Type
Retail
Closing
Feb 28, 2023
AI
Located at 332 Atlantic Avenue in the market of Oceanside, this retail property was recently sold in a closed transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,850,000
- Square Footage: 14,750
- Price per Square Foot: $193
- Address: 332 Atlantic Avenue
The buyer, George Goodrich, acquired the property from the seller, Scott Gruber. Representing the buyer in the deal was Michael Steinberg, while Edward Gottlieb, from Schuckman Realty, served as the seller's representative.
Players
Market 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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93