Minh Tran, MD Acquires Office At 14 Countryside Lane From DOWC Administration Services For $1.515M
14 Countryside Lane
$1,515,000
$151/SF
Building Size
10,000 SF
Asset Type
Office
Closing
Nov 11, 2025
AI
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
Ringwood 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
10.47%
Cash-on-Cash
-2.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93