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12 Old Bridge Road, Cedar G...

Ari Marguiles Acquires Office Building In Cedar Grove, NJ For $3.8M
SOLDOffice

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

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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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