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1001 Pleasant Valley Way

Medical Office Building Sold by Robert Scibetti In West Orange For $2.5M
SOLDMedical Office

Medical Office Building Sold by Robert Scibetti In West Orange For $2.5M

1001 Pleasant Valley Way

$2,500,000

$250/SF

Building Size

10,000 SF

Asset Type

Medical Office

Closing

May 29, 2025

AI

A medical office building located at 1001 Pleasant Valley Way in West Orange, NJ, was sold for $2,500,000. The property encompasses 10,000 square feet, resulting in a price per square foot of $250.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $2,500,000
  • Address: 1001 Pleasant Valley Way
  • Market: West Orange
  • Square Footage: 10,000
  • Price Per Square Foot: $250
  • Buyer: Premiere Titan Properties, LLC
  • Seller: Robert Scibetti
  • Brokers: Darren Lizzack & Randy Horning - NAI James E. Hanson

Darren Lizzack and Randy Horning represented seller Robert Scibetti in this transaction with the buyer, Premiere Titan Properties, LLC. The brokers from NAI James E. Hanson facilitated the deal, concluding the sale process effectively.

Players

Darren Lizzack

The Clinical Group

Broker

$63M

vol

18 deals

Broker

West Orange Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93