Private LLC Purchase 485 Woodbury Glassboro Rd Sewell For $5.4 Million With Derrick Dougherty As Buyer's Rep
485 Woodbury Glassboro Rd, Sewell...
$5,400,000
$2,700/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is a retail property net leased to Wawa, located at 485 Woodbury Glassboro Road, Sewell, NJ. The property has a transaction price of $5,400,000 and encompasses a total area of 2,000 square feet. The sale reflects a 4.5 percent capitalization rate in the Sewell market.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $5,400,000.00
- Address: 485 Woodbury Glassboro Rd, Sewell, NJ
- Market: Sewell
- Buyer: Private LLC
- Buyer’s Representative: Derrick Dougherty - Marcus & Millichap
- Seller: Undisclosed
- Square Footage: 2,000
- Capitalization Rate: 4.5%
Derrick Dougherty and Scott Woodard from Marcus & Millichap represented the buyer, a private limited liability company, in this transaction, while the seller remains undisclosed. The involvement of Marcus & Millichap illustrates the firm's role in facilitating the sale of the net-leased retail property.
Players
Sewell 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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93