SDM Futures Acquires Riverside Medical Office Portfolio In Lyndhurst, Teaneck & Voorhees For $7.04M
SOLD
$7,040,000
New Jersey
See Similar DealsSold 05/12/2022
SOLD
SDM Futures Acquires Riverside Medical Office Portfolio In Lyndhurst, Teaneck & Voorhees For $7.04M
Voorhees, New Jersey, United States
See Similar DealsSold 05/12/2022
Summary
NEW JERSEY
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$375,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,011.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,373.19
Annual Debt Service$400,478.30
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