FINANCEDOffice
G.S. Wilcox & Co. Arranges $6.8M Loan For Bridgewater Office Property
1200 U.S. 22, Bridgewater Township, NJ, USA
$6,800,000
$61/SF
Building Size
111,500 SF
Asset Type
Office
Closing
Jan 13, 2021
AI
The office property located at 1200 US Route 22 E. in Bridgewater, was involved in a closed transaction. The property spans 111,500 square feet and is situated in the Bridgewater market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,800,000
The deal was brokered by David Fryer from G.S. Wilcox & Co. who represented the parties involved in the transaction.
Players
Bridgewater Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93