Updated Dec 18, 2023
Ari Marguiles Acquires Office Building In Cedar Grove, NJ For $3.8M
12 Old Bridge Road, Cedar Grove, New Jersey 07009, United States
$3,800,000
Building Size
—
Asset Type
Office
Closing
Feb 24, 2022
About this deal
AI
The office property located at 12 Old Bridge Rd in Cedar Grove, NJ was recently sold. The transaction took place on February 25, 2022. The property was sold for a price of $3,800,000. The buyer of the property is Ari Marguiles, while the seller is Glenn M Rocca.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,800,000
- Address: 12 Old Bridge Rd, Cedar Grove, NJ
- Buyer: Ari Marguiles
- Seller: Glenn M Rocca
This sale transaction highlights the key individuals involved in the deal. Ari Marguiles represented the buyer's side, while Glenn M Rocca served as the seller's representative in this office property transaction.
Players
Cedar Grove Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93