facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Office

/

Sale

/

1310 Hamburg Turnpike, Wayn...

Hamburg Wayne LLC Acquires Office Building In Wayne, NJ For $650,000
SOLDOffice

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].

Players

Moe Sankar

Keller Williams Realty

Broker

$4.7M

vol

4 deals

Broker

Wayne Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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