Jack Zalta Of KSR Brokers Sells Parsippany, NJ Industrial Property For $115.5M
100 Jefferson Road
$115,500,000
$208/SF
Building Size
553,436 SF
Asset Type
Industrial
Closing
Mar 9, 2023
AI
The industrial property located at 100 Jefferson Road in Parsippany, NJ was recently sold in a closed transaction. The property spans 553,436 square feet and was sold for a total price of $115,500,000, resulting in a price per square foot of $209. The sale took place on 03/09/2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $115,500,000
- Square Footage: 553,436
- Price Per Square Foot: $209
- Address: 100 Jefferson Road, Parsippany, NJ
- Market: Parsippany, NJ
The sale of this industrial property was facilitated by Jack Zalta of KSR. He represented the interested parties in the transaction, ensuring a successful deal.
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93