Updated Feb 5, 2025
BHN Associates Acquires Property From Mack-Cali Realty Corp For $28 Million In Woodcliff Lake
300 Tice BLVD, Woodcliff Lake, NJ, 07...
$28,000,000
$116/SF
Building Size
240,000 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 300 Tice Blvd, Woodcliff Lake, NJ. The property was sold by Mack-Cali Realty Corp for a transaction amount of $28,000,000.00, encompassing a total square footage of 240,000. The market for this sale is identified as Woodcliff Lake.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $28,000,000.00
- Address: 300 Tice Blvd, Woodcliff Lake, NJ
- Market: Woodcliff Lake
- Seller: Mack-Cali Realty Corp
- Buyer: BHN Associates
- Seller's Rep: Kevin O’Hearn (JLL)
The deal involves BHN Associates acquiring the property, with representation for the seller provided by Kevin O’Hearn from JLL. This transaction underscores the active engagement of brokers in facilitating the sale process within the Woodcliff Lake market.
Players
Woodcliff Lake CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93