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Horvath & Tremblay Facilitates $11.9M Retail Property Sale In Roselle, Augusta & Toms River

Property Image
SOLD
$11,930,000

Utah

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Retail10,723 SF
Sold 03/24/2023
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Property Image
SOLD

Horvath & Tremblay Facilitates $11.9M Retail Property Sale In Roselle, Augusta & Toms River

133 Saint George Ave, 1 NJ Rte. 15 & 1186-1190 Fischer Blvd

See Similar Deals
Retail10,723 SF
Sold 03/24/2023
Contact now

Summary

UTAH
Asset Type:Retail
Price Per Square Foot:$1,112
Total Square Footage:10,723 SF
Transaction Type:Sale

The property involved in this transaction is a retail asset located at 133 Saint George Ave, 1 NJ Rte. 15 & 1186-1190 Fischer Blvd. The property is situated in Roselle, Augusta & Toms River and spans across 1.25 acres. The transaction took place on 03/24/2023.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $11,930,000
  • Square Footage: 10,723
  • Price per Square Foot: $1,113
  • Market: Roselle, Augusta & Toms River

This deal was facilitated by brokers Michael Lombardi, David McLaughlin, and Robert DiFranco, who represented the buyer and seller. They are associated with Horvath & Tremblay.

Players

David McLaughlin
2 deals$15.8M volume
BROKER

Robert DiFranco
Horvath & Tremblay
11 deals$54.9M volume
BROKER

Details

SOLD
IMAGE: Michael Lombardi, David McLaughlin & Robert DiFranco DATE: 03/24/2023 ADDRESS: 133 Saint George Ave, 1 NJ Rte. 15 & 1186-1190 Fischer Blvd MARKET: Roselle, Augusta & Toms River ASSET TYPE: Retail ~ ACRES: 1.25 BROKERS: Michael Lombardi (@Mike_Lombardi_Ht), David McLaughlin (@DavidMclaughlin_) & Robert DiFranco - Horvath & Tremblay SALE PRICE: $11,930,000 SF: 10,723 ~ PPSF: $1,113

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$636,266.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,384.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,554.29
Annual Debt Service$678,651.44