Hamburg Wayne LLC Acquires Office Building In Wayne, NJ For $650,000
SOLD
$650,000
New Jersey
See Similar DealsOffice3,988 SF
Sold 11/19/2021
SOLD
Hamburg Wayne LLC Acquires Office Building In Wayne, NJ For $650,000
1310 Hamburg Turnpike, Wayne, NJ 07470, USA
See Similar DealsOffice3,988 SF
Sold 11/19/2021
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$163
Total Square Footage:3,988 SF
Transaction Type:Sale
1310 Hamburg Turnpike, a commercial office property located in Wayne, NJ, was recently sold in a closed transaction. The asset, spanning 3,988 square feet, was acquired by Hamburg Wayne LLC from 1310 Hamburg Associates. The property was listed as an off-market opportunity and achieved a sale price of $650,000, equivalent to a price per square foot of $163.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $650,000
- Address: 1310 Hamburg Turnpike, Wayne, NJ
- Market: Wayne, NJ
- Buyer: Hamburg Wayne LLC
- Seller: 1310 Hamburg Associates
Moe Sankar, representing The Sankar Group of Keller Williams Park Views, facilitated the transaction as the broker. For more information, Moe can be contacted directly at 973-261-3995 or at [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$34,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,309.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,081.33
Annual Debt Service$36,975.98
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