Updated Oct 28, 2026
10 Lanidex Plaza LLC Sells Office Building In Parsippany For $8.9M With Charles Berger's Representation
10 Lanidex Plaza West
$8,900,000
$118/SF
Building Size
75,049 SF
Asset Type
Office
Closing
Oct 27, 2026
About this deal
AI
A private investor acquired a multi-tenant office building located at 10 Lanidex Plaza West in Parsippany, New Jersey. The property encompasses 75,049 square feet and was sold for $8.9 million, translating to a price per square foot of $119. At the time of sale, the building was 84% leased.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,900,000
- Address: 10 Lanidex Plaza West
- Market: Parsippany, NJ
- Seller: 10 Lanidex Plaza LLC
- Broker: Charles Berger - CBRE
- Square Footage: 75,049
- Price Per Square Foot: $119
CBRE’s Charles Berger represented the seller, 10 Lanidex Plaza LLC, and facilitated the procurement of the buyer. The new owner plans to enhance the property by adding amenities and leasing the remaining vacant space.
On the Map
$8,900,000
$118/SF
Office
View full map
Players
West Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Charles Berger to view all their deals.
Browse New Jersey office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93