SOLD
SDM Futures Acquires Riverside Medical Office Portfolio In Lyndhurst, Teaneck & Voorhees For $7.04M
Voorhees, New Jersey, United States
$7,040,000
Building Size
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Asset Type
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Closing
May 11, 2022
AI
The Riverside Medical Office Portfolio in Lyndhurst, Teaneck, and Voorhees has been sold for a total price of $7,040,000. The portfolio comprises medical office assets and was acquired by SDM Futures.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $7,040,000
- Date: 05/12/2022
- Market: Lyndhurst, Teaneck & Voorhees
- Brokers: Charles Berger, Elli Klapper & Samuel Bernhaut - CBRE
Charles Berger, Elli Klapper, and Samuel Bernhaut from CBRE represented SDM Futures in this transaction.
Players
Voorhees 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
2.25%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93