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Signature Acquisitions Purchases 100000 Square Feet Office Building From Office Properties Income Trust In Parsippany
SOLD
New Jersey
See Similar DealsOffice100,000 SF
Sold 02/24/2025
SOLD
Signature Acquisitions Purchases 100000 Square Feet Office Building From Office Properties Income Trust In Parsippany
1 Jefferson Road
See Similar DealsOffice100,000 SF
Sold 02/24/2025
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:100,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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