Updated Oct 28, 2024
SiriVarsha Tices LLC Acquires Office Building In East Brunswick For $7.25M
1200 Tices Lane, East Brunswick, New Jersey 08816, United States
$7,250,000
$241/SF
Building Size
30,000 SF
Asset Type
Office
Closing
Jun 27, 2022
About this deal
AI
An office property located at 1200 Tices Lane in East Brunswick has been sold at a transaction price of $7,250,000. The property spans across 30,000 square feet, resulting in a price per square foot of $242. The sale was finalized on 06/28/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,250,000
SiriVarsha Tices LLC acquired the property from Adoni Property Group LLC. The brokers involved in the deal were Andrew Schwartz, Jordan Sobel, and Andre Balthazard from Cushman & Wakefield. The mortgage broker for this transaction was Brad Domenico from Progress Capital.
Players
East Brunswick Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Andre Balthazard to view all their deals.
Browse New Jersey office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93