Horvath & Tremblay Facilitates $11.9M Retail Property Sale In Roselle, Augusta & Toms River
SOLD
Retail10,723 SF
Sold 03/24/2023
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 DealsRetail10,723 SF
Sold 03/24/2023
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.
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Deal Type
30 years
10 years
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
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