Property Name: Rahway
Address: 169 West Main Street Rahway NJ
Acquisition Date: 8/13/2019

Property Description

Jacobs Real Estate Advisors, LLC purchased a mixed-use property in Rahway NJ. The property contains a 7,500 SF facility that used to operate as a nightclub and 4 residential units. The retail unit was vacant and we brought an operator who has several locations in NJ. The tenant put in considerable improvements to the property. Based on the stabilized NOI we expect to refinance all of the equity in the next few months.