Tryko Partners Acquires Montvale Office Building For $5.5M
SOLD
$5,500,000
+ 1
New Jersey
See Similar DealsOffice127,000 SF
Sold
SOLD
Tryko Partners Acquires Montvale Office Building For $5.5M
100 Summit Avenue, Montvale, NJ, USA
See Similar DealsOffice127,000 SF
Sold
+ 1
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$43
Total Square Footage:127000 SF
Transaction Type:Sale
Tryko Partners has acquired an office property located at 100 Summit Avenue, Montvale. The transaction took place on January 22, 2021, with the property being sold for $5,500,000. The asset spans across 127,000 square feet, resulting in a price per square foot of $43.
Summary of transation details
- Property Type: Office
- Transaction Amount: $5,500,000
- Address: 100 Summit Avenue, Montvale
- Market: Montvale
The deal was facilitated by the brokers Gregg Najarian, Slava Vaynberg, Nate Brzozowski, and Brendan Fisher from Savills.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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