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

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SOLD
$2,500,000

New Jersey

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Medical Office10,000 SF
Sold 05/29/2025
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SOLD

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

1001 Pleasant Valley Way

See Similar Deals
Medical Office10,000 SF
Sold 05/29/2025
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Summary

NEW JERSEY
Asset Type:Medical Office
Price Per Square Foot:$250
Total Square Footage:10,000 SF
Transaction Type:Sale

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
18 deals$63M volume
BROKER

Randy Horning
The Clinical Group
16 deals$36.8M volume(201) 478-7392
BROKER

Details

SOLD
IMAGE: Darren Lizzack & Randy Horning DATE: 05/29/2025 ADDRESS: 1001 Pleasant Valley Way MARKET: West Orange ASSET TYPE: Medical Office BUYER: Premiere Titan Properties, LLC SELLER: Robert Scibetti BROKERS: Darren Lizzack (@LizzackHorning) & Randy Horning (@TheRealRandIzzle) - NAI James E. Hanson (@Nai_Hanson) SALE PRICE: $2,500,000 SF: 10,000 ~ PPSF: $250 NOTE: NAI James E. Hanson brokered the $2.5M sale of a 10,000 SF medical office building at 1001 Pleasant Valley Way in West Orange, NJ. Darren Lizzack and Randy Horning represented seller Robert Scibetti in the deal with buyer Premiere Titan Properties, LLC.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31