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1 Jefferson Road

Updated Feb 27, 2025

Signature Acquisitions Purchases 100000 Square Feet Office Building From Office Properties Income Trust In Parsippany
SOLDOffice

Signature Acquisitions Purchases 100000 Square Feet Office Building From Office Properties Income Trust In Parsippany

1 Jefferson Road

Building Size

100,000 SF

Asset Type

Office

Closing

Feb 24, 2025

About this deal

AI

Signature Acquisitions purchased a 100,010-square-foot office building located at 1 Jefferson Road in Parsippany. The property marks its third acquisition in The Center of Morris County.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 1 Jefferson Road
  • Market: Parsippany
  • Asset Size: 100,000 square feet
  • Buyer: Signature Acquisitions
  • Seller: Office Properties Income Trust
  • Broker Representation: Bradley Wachenfeld, Jeremy Neuer, Jose Cruz & Ryan Robertson - JLL
  • Building Status: Set to become vacant later this year

JLL's team, which includes Jose Cruz, Jeremy Neuer, Ryan Robertson, and Bradley Wachenfeld, facilitated the sale on behalf of Office Properties Income Trust, ensuring a smooth transaction for both parties involved.

On the Map

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Players

Jeremy Neuer

JLL

Broker

$1.9B

vol

45 deals

Broker
SA
Signature AcquisitionsBuyer

Parsippany Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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