Updated Dec 21, 2023
Mimi Turco Feliciano Acquires Office Building In Wayne, NJ For $3M
1502 Alps Rd, Wayne, NJ, USA
$3,013,836
$465/SF
Building Size
6,480 SF
Asset Type
Office
Closing
Jun 29, 2021
About this deal
AI
The office property located at 1502 Alps Rd in Wayne, NJ has been sold for a total price of $3,013,836. The property spans across 6,480 square feet, resulting in a price per square foot of $465.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,013,836
- Square Footage: 6,480
- Price Per Square Foot: $465
- Address: 1502 Alps Rd, Wayne, NJ
Mimi Turco Feliciano has purchased the office property from Alexander Opper. Both parties were represented by their respective brokers in the deal.
Players
Wayne 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
5.26%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93