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8027 Jericho Turnpike

Retail Property In Woodbury Sells For $5.3M By Buyer Adam Mann And Seller Dugan Poultry Farm
SOLDRetail

Retail Property In Woodbury Sells For $5.3M By Buyer Adam Mann And Seller Dugan Poultry Farm

8027 Jericho Turnpike

$5,275,000

$337/SF

Building Size

15,650 SF

Asset Type

Retail

Closing

Feb 27, 2023

AI

The retail property located at 8027 Jericho Turnpike in Woodbury has been sold in a transaction worth $5,275,000. The property spans 15,650 square feet, resulting in a price per square foot of $337.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,275,000
  • Square Footage: 15,650
  • Price per Square Foot: $337
  • Address: 8027 Jericho Turnpike, Woodbury

The buyer of the property is Adam Mann, while the seller is Dugan Poultry Farm, represented by Tim Rummell. The transaction was facilitated by brokers Anthony Ciafardoni and Adam Silber from Silber Investment Properties.

Players

Anthony Ciafardoni

Silber Investment Properties

Broker

$11.5M

vol

3 deals

Broker

Adam Mann

AJM RE

Buyer

$21.8M

vol

4 deals

Buyer

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

3.01%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93