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Minh Tran, MD Acquires Office At 14 Countryside Lane From DOWC Administration Services For $1.515M

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SOLD
$1,515,000

New Jersey

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Office10,000 SF
Sold 11/12/2025
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Property Image
SOLD

Minh Tran, MD Acquires Office At 14 Countryside Lane From DOWC Administration Services For $1.515M

14 Countryside Lane

See Similar Deals
Office10,000 SF
Sold 11/12/2025
Contact now

Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$151
Total Square Footage:10,000 SF
Transaction Type:Sale

The property involved in this transaction is an office asset located at 14 Countryside Lane in Ringwood. The sale price for this property was $1,515,000, and it spans a total of 10,000 square feet, resulting in a price per square foot of $151.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,515,000
  • Address: 14 Countryside Lane
  • Market: Ringwood
  • Square Footage: 10,000
  • Price Per Square Foot: $151
  • Buyer: Minh Tran, MD
  • Seller: DOWC Administration Services
  • Brokers: Dennis Giammetta & Jenna Glick - Newmark Associates

This transaction was facilitated by the brokers Dennis Giammetta and Jenna Glick from Newmark Associates, who represented the buyer Minh Tran, MD, in the acquisition from the seller DOWC Administration Services. The closing date of the transaction was on November 12, 2025.

Players

Jenna Glick
3 deals$3.3M volume(201) 306-5452
BROKER

Dennis Giammetta
Newmark Associates
3 deals$6.8M volume(201) 456-7742
BROKER

Newmark Associates
BROKERAGE

Details

SOLD
IMAGE: Dennis Giammetta & Jenna Glick DATE: 11/12/2025 ADDRESS: 14 Countryside Lane MARKET: Ringwood ASSET TYPE: Office BUYER: Minh Tran, MD SELLER: DOWC Administration Services BROKERS: Dennis Giammetta & Jenna Glick - Newmark Associates (@NewmarkAssociates) SALE PRICE: $1,515,000 SF: 10,000 ~ PPSF: $151

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$5,382.47
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