Hamburg Wayne LLC Acquires Office Building In Wayne, NJ For $650,000
1310 Hamburg Turnpike, Wayne, NJ 07470, USA
$650,000
$163/SF
Building Size
3,988 SF
Asset Type
Office
Closing
Nov 19, 2021
AI
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].
Wayne 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
24.40%
Cash-on-Cash
-6.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93