Updated Oct 28, 2024
Nexus Properties Sells Medical Office In Ewing, NJ For $1.8M
1235 Parkway Avenue, Ewing, NJ 08628, USA
$1,800,000
$66/SF
Building Size
27,000 SF
Asset Type
Office
Closing
Oct 26, 2021
About this deal
AI
The medical office property located at 1235 Parkway Ave in Ewing, NJ has been sold in a recent transaction. The property spans across 3.5 acres and offers a total of 27,000 square feet of space. The sale was facilitated by Jerry Fennelly of NAI Fennelly, representing the seller, Nexus Properties.
Summary of transaction details
- Property Type: Medical Office
- Sale Price: $1,800,000
- Price per Square Foot: $67
- Date: 10/26/2021
- Market: Ewing, NJ
This successful transaction highlights the involvement of Jerry Fennelly, a broker from NAI Fennelly, who played a crucial role in the sale of the medical office property on Parkway Ave.
Players
Ewing 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93