Kislak Brokers Sell Mixed-Use Property In Parsippany For $4.3M
1180 Us-46, Parsippany-Troy Hills, NJ...
$4,300,000
$107/SF
Building Size
40,000 SF
Asset Type
Mixed-use
Closing
Nov 20, 2023
AI
The asset involved in the transaction is a mixed-use property located at 1180 Us-46, Parsippany-Troy Hills, NJ. The property spans 40,000 square feet and was sold for $4,300,000. The site is positioned on a 3.2-acre parcel and includes three buildings, making it suitable for both office and retail purposes.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,300,000.00
- Address: 1180 Us-46, Parsippany-Troy Hills, NJ
- Market: Parsippany
- Square Footage: 40,000
- Seller's Representatives: Matt Weilheimer-Kislak, Tom Scatuorchio-Kislak
- Buyer: Unknown
The Kislak Company Inc. facilitated the transaction, representing the seller, who is identified as a private investor. Tom Scatuorchio and Matt Weilheimer of Kislak played crucial roles in the brokerage of this deal, emphasizing their involvement without disclosing any information about the buyer.
Players
Parsippany Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93