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140 Ethel Rd W, Piscataway,...

J. Michael O'brien Acquires Office Building In Piscataway For $14M
SOLDOffice

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

Michael O'brien

Investcorp

Buyer

$447.2M

vol

4 deals

Buyer

Steven Denholtz

Denholtz Properties

Seller

$227.3M

vol

13 deals

Seller

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