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100 Summit Avenue, Montvale...

Tryko Partners Acquires Montvale Office Building For $5.5M
SOLDOffice

Tryko Partners Acquires Montvale Office Building For $5.5M

100 Summit Avenue, Montvale, NJ, USA

$5,500,000

$43/SF

Building Size

127,000 SF

Asset Type

Office

Closing

Jan 21, 2021

AI

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

Gregg Najarian

Savills

Broker

$5.5M

vol

4 deals

Broker
TP
Tryko PartnersBuyer

Montvale 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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93