J. Michael O'brien Acquires Office Building In Piscataway For $14M
140 Ethel Rd W, Piscataway, NJ, USA
$14,000,000
$583/SF
Building Size
24,005 SF
Asset Type
Office
Closing
Apr 1, 2021
AI
The office property located at 140 Ethel Rd W in Piscataway has been sold for a total price of $14,000,000. The property spans across 24,005 square feet, resulting in a price per square foot of $583. The sale transaction took place on April 2, 2021. J. Michael O'Brien acquired the property from Steven J. Denholtz.
Summary of transation details
- Property Type: Office
- Transaction Amount: $14,000,000
- Square Footage: 24,005
- Price per Square Foot: $583
- Date: April 2, 2021
- Buyer: J. Michael O'Brien
- Seller: Steven J. Denholtz
- Address: 140 Ethel Rd W, Piscataway
J. Michael O'Brien, acting as the buyer's representative, facilitated the purchase of the office property from Steven J. Denholtz. The transaction showcases the active real estate market in Piscataway, highlighting the continued investment in commercial properties in the area.
Players
Piscataway 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93