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1 Wilson Drive

Updated Oct 28, 2024

Jeff Brookman Acquires Office Building In Sparta Township For $2M
SOLDOffice

Jeff Brookman Acquires Office Building In Sparta Township For $2M

1 Wilson Drive

$2,000,000

$209/SF

Building Size

9,529 SF

Asset Type

Office

Closing

Aug 3, 2022

About this deal

AI

Located in Sparta Township, the office property at 1 Wilson Dr has been sold in a recent transaction. The deal was finalized on August 3, 2022, with a sales price of $2,000,000. The property spans approximately 9,529 square feet, resulting in a price per square foot of $210. The buyer, Jeff Brookman, acquired the asset from the seller, Howard Hannan Rand Realty. The transaction was facilitated by CENTURY 21 VOX Realty, with brokers Paulo Cerqueira, Ryan Marcussen, and Cintia Durso representing both parties involved.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,000,000
  • Square Footage: 9,529 sqft
  • Price per Square Foot: $210
  • Address: 1 Wilson Dr, Sparta Township
  • Buyer: Jeff Brookman
  • Seller: Howard Hannan Rand Realty
  • Brokers: Paulo Cerqueira, Ryan Marcussen, and Cintia Durso - CENTURY 21 VOX Realty

CENTURY 21 VOX Realty, located at 1010 Stuyvesant Ave, Union, NJ 07083, played a pivotal role in this property transaction. For more information, interested parties can contact CENTURY 21 VOX Realty at 908-851-2121.

Players

Paulo Cerqueira

Century 21

Broker

$3M

vol

2 deals

Broker

Sparta Township Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $209 per square foot on a published $2M for 9,529 square feet (2022).

Visit Cintia Durso to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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