SOLD144,000+/- Sq.Ft. RETAIL STRIP Shopping CENTER

  Property Photo Listing ID: 59727114438
Last Updated: 11/30/2011
Property Type(s): Shopping Center: Convenience/Strip Center
Property Use Type: Any Use (Investment/ Business/ Vacant/Owner-User/)  
Tenancy Type: Multiple
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Central, NJ 00000, US


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Asking Price: $ 1,999,000   Opinion of Value: $ 2,800,000


Property Size

Gross Leasable
Area (GLA):
 144,000 square feet  Land Plot Lot Size:  14   acres
Investment Type:   Value Add
  Percent Occupied:   27 %
Number of Tenants:  

Property Details


Property Description:

144,000+/- Square Foot RETAIL STRIP SHOPPING CENTER ON 14 ACRES +/-.
Tenants include Restaurants, Beauty/tanning/nail Salon, Karate studio, Dental office and more.

Property Location:

Close to transportation, shopping, entertainment


Only $148 PSF 10% current cap rate 44.7% Projected Cap Rate!!!
73% 104,700 SF Vacant
27% 39,495 SF Occupied
4.77 x GRM
$191,097 Current Net Income
$831,327 Projected Net Income

Property Financials

  (This Income/Expense Information is Proforma)

Annual Income

Analytical Calculations
    Scheduled Gross Income, Annually:   $ 400,500 Gross Rent Multiplier: 4.99  
    less Vacancy: Capitalization Rate: 44.64 %  
    Other Income: Vacant Projected $ 700,800  
a. Effective Gross Income, Annualy: $ 1,101,300

Annual Expenses

Analytical Calculations
    Management: On Site $ 10,732  
    Maintenance: $ 23,988  
    Taxes: $ 98,210   
    Insurance: $ 48,860 Price per square foot (building): $ 14
    Heating: $ 0 Price per area of land plot: $ 142,786
    Electric $ 8,290
    Sewer: Septic Pump $ 3,123
    Water test well $ 2,500
    Trash removal $ 13,200
b. Total Annual Expenses: $ 208,903

Annual Net Financials

c.  Net Operating Income, Annually $ 892,397
d. Annual Debt Service: $
e. Other Annual Capital Costs: $
  Pre Tax Cash Flow, Annually $

Financing Information

This Loan is Proposed.

Tenant Information

Tenant Name Lease End
(i.e. mm/dd/yyyy)

Property Attachments

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