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
$11,930,000
$1,112/SF
Building Size
10,723 SF
Asset Type
Retail
Closing
Mar 24, 2023
AI
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
Saint George 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
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93