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HDJ Property Acquires Medical Office In Bridgewater For $2.45M From SRV Realty

Property Image
SOLD
$2,450,000
Devin Perez
Brent Hyldahl
Alan Cafiero

New Jersey

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Medical Office16,000 SF
Sold 08/16/2024
the dealplayerscompscontact
Property Image
SOLD

HDJ Property Acquires Medical Office In Bridgewater For $2.45M From SRV Realty

350 Grove Street

See Similar Deals
Medical Office16,000 SF
Sold 08/16/2024
Devin Perez
Brent Hyldahl
Alan Cafiero
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Medical Office
Price Per Square Foot:$153
Total Square Footage:16,000 SF
Transaction Type:Sale

The asset involved in this transaction is a medical office located at 350 Grove Street in Bridgewater. The property was sold for $2,450,000, encompassing a total area of 16,000 square feet, which translates to a price per square foot of $153.

Summary of transaction details:

Key individuals involved in the transaction include the buyer, HDJ Property, and the seller, SRV Realty. The brokers representing this deal are Alan Cafiero, Brent Hyldahl, and Devin Perez from Marcus & Millichap, facilitating the successful transaction.

Players

Brent Hyldahl
Marcus & Millichap
Brent Hyldahl
57 deals$436.2M volume(201) 742-6116
BROKER
Alan Cafiero
Marcus & Millichap
Alan Cafiero
100 deals$763.8M volume(201) 240-7367
BROKER
Devin Perez
Marcus & Millichap
Devin Perez
12 deals$50M volume
BROKER

Details

SOLD
IMAGE: Alan Cafiero, Brent Hyldahl & Devin Perez DATE: 08/16/2024 ADDRESS: 350 Grove Street MARKET: Bridgewater ASSET TYPE: Medical Office BUYER: HDJ Property SELLER: SRV Realty BROKERS: Alan Cafiero (@Hoxrule3), Brent Hyldahl & Devin Perez (@Devin.v.Perez) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $2,450,000 SF: 16,000 ~ PPSF: $153

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

$130,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,704.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,614.25
Annual Debt Service$139,371.00