Updated Oct 28, 2024
Exan Capital And Mirabaud Group Acquire Warren Corporate Center In Warren, NJ For $150.3M
287 King George Road, Warren, NJ, USA
$150,250,000
$476/SF
Building Size
315,086 SF
Asset Type
Office
Closing
Jun 17, 2020
About this deal
AI
The Warren Corporate Center, located at 287 & 291 King George Road in Warren, NJ, has been sold in a recent transaction. The office property, consisting of 100 & 200 Warren Corporate Center, spans a total area of 315,086 square feet. The sale took place on June 17, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $150,250,000
- Price per Square Foot: $477
- Market: Warren, NJ
The buyer of the Warren Corporate Center is Exan Capital, represented by Ignacio Gil-Casares, Arturo Vinueza, and Mirabaud Group. The seller of the property is Rubenstein Partners L.P. and Vision Real Estate Partners. The deal was facilitated by Jaime Fink, Kevin O'Hearn, and Jose Cruz from JLL Capital Markets.
Players
Warren 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93