Updated Jun 12, 2025
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
About this deal
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.
On the Map
$2,500,000
$250/SF
Medical Office
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Players
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