SOLD
Pentaurus Properties Acquires Morristown Plaza Office Complex For $21.5M
161-163 Madison Avenue
Office
122,103 SF
122,103 SF
Sold 328 days ago
Summary
Sale
NEW JERSEY
Office
122,103 sqft
Pentaurus Properties has purchased Morristown Plaza, a two-building office complex in Morristown, for $21.5 million. The 122,103-square-foot property is nearly fully leased and offers amenities such as a PNC Bank branch and a renovated amenity center.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $21,500,000
- Address: 161-163 Madison Avenue, Morristown
- Market: Morristown
- Asset Type: Office
- Acres: 3.9
The buyer in this transaction is Pentaurus Properties, represented by Austin Rolnick. The seller is Silverman Group. The deal was facilitated by brokers from Cushman & Wakefield, including Gary Gabriel, David Bernhaut, Frank DiTommaso, Bill Baunach, Maia Sirabian, Andy Schwartz, Jordan Sobel, and Andre Balthazard.
Players
All
9
Agents
8
Agencies
1
Details
SOLD
IMAGE: Gary Gabriel, David Bernhaut, Frank DiTommaso, Bill Baunach, Maia Sirabian, Andy Schwartz, Jordan Sobel & Andre Balthazard
DATE: 06/09/2023
ADDRESS: 161-163 Madison Avenue
MARKET: Morristown
ASSET TYPE: Office ~ ACRES: 3.9
BUYER: Pentaurus Properties - Austin Rolnick
SELLER: Silverman Group
BROKERS: Gary Gabriel, David Bernhaut, Frank DiTommaso, Bill Baunach, Maia Sirabian, Andy Schwartz, Jordan Sobel & Andre Balthazard - Cushman & Wakefield
SALE PRICE: $21,500,000
SF: 122,103 ~ PPSF: $176
NOTE: Pentaurus Properties has purchased Morristown Plaza, a two-building office complex in Morristown, for $21.5 million. The 122,103-square-foot property is nearly fully leased and offers amenities such as a PNC Bank branch and a renovated amenity center.View on map
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Address161-163 Madison Avenue
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