Updated Oct 28, 2024
SDM Futures Acquires Riverside Medical Office Portfolio In Lyndhurst, Teaneck & Voorhees For $7.04M
Voorhees, New Jersey, United States
$7,040,000
Building Size
—
Asset Type
—
Closing
May 11, 2022
About this deal
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.
The commercial sale at Voorhees, New Jersey, United States in Voorhees, New Jersey sold for $7M in 2022. Samuel Bernhaut, Elli Klapper, Charles Berger, CBRE appear on the sale alongside CBRE. This page is the Voorhees, New Jersey file for the Voorhees, New Jersey, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Voorhees sit in the Market section below. Filter that Voorhees commercial set by closing date to see what else sold near Voorhees, New Jersey, United States around 2022. Published consideration for Voorhees, New Jersey, United States is $7M, dated 2022. Cite this SDM Futures Acquires Riverside Medical Office Portfolio In Lyndhurst, Teaneck & Voorhees For $7.04M sale when underwriting similar commercial product around Voorhees, New Jersey.
On the Map
$7,040,000
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Players
Voorhees CRE Market Snapshot
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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