Updated Dec 26, 2025
Bochasanwasi Akshar Purushottam Swaminarayan Sanstha Purchases Office In Bridgewater For $6.15M
1130 Us Highway 22
$6,150,000
$92/SF
Building Size
66,500 SF
Asset Type
Office
Closing
Dec 21, 2025
About this deal
AI
Bochasanwasi Akshar Purushottam Swaminarayan Sanstha (BAPS) acquired an office property located at 1130 Us Highway 22 in Bridgewater for $6,150,000. This asset encompasses 66,500 square feet and is situated on a 21-acre site, which is part of the CenterPointe I office park. The property was previously occupied by Allstate.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $6,150,000
- Buyer: Bochasanwasi Akshar Purushottam Swaminarayan Sanstha (BAPS)
- Seller: Sig 1130, LLC
- Broker: Jacklene Chesler - Colliers
- Square Footage: 66,500
- Price Per Square Foot: $92
- Acres: 21
- Market: Bridgewater
This transaction showcases the involvement of Jacklene Chesler from Colliers, who facilitated the deal between the buyer and seller. The purchase indicates a continuing trend of suburban office owner-user acquisitions, although BAPS has not revealed its intended purpose for the building.
On the Map
$6,150,000
$92/SF
Office
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Players
Bridgewater 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
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93