Sam Ash Properties Corporation Sells Retail Property In Edison For $5.5M
SOLD
$5,500,000
New Jersey
See Similar DealsRetail21,924 SF
Sold 05/10/2024
SOLD
Sam Ash Properties Corporation Sells Retail Property In Edison For $5.5M
Retail21,924 SF
Sold 05/10/2024
Summary
Asset Type:Retail
Price Per Square Foot:$250
Total Square Footage:21,924 SF
Transaction Type:Sale
The property at 1825-1843 Lincoln Highway in Edison, a retail asset, was sold for $5,500,000. Spanning 21,924 square feet, the property was acquired at a price per square foot of $251. The seller, Sam Ash Properties Corporation, was represented by Marc Shein & Robert V. DiLeo from NAI DiLeo-Bram.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,500,000
- Market: Edison
- Seller: Sam Ash Properties Corporation
- Seller's Rep: Marc Shein & Robert V. DiLeo - NAI DiLeo-Bram
- Address: 1825-1843 Lincoln Highway
- SF: 21,924
- PPSF: $251
Notable figures involved in the transaction were Marc Shein and Robert V. DiLeo of NAI DiLeo-Bram, who represented the seller, Sam Ash Properties Corporation. They played a key role in facilitating the sale of the retail property in Edison.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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