Aucta Pharmaceuticals Inc. Acquires Office In Basking Ridge For $4.6M
170 Mount Airy Road, Basking Ridge, New Jersey 07920, United States
$4,600,000
$88/SF
Building Size
52,068 SF
Asset Type
Office
Closing
Jun 13, 2022
AI
A 52,068 square foot office property located at 170 Mount Airy Road in Basking Ridge has been sold for $4,600,000. The property sits on 8.39 acres and was sold by The Garibaldi Group. The buyer, Aucta Pharmaceuticals Inc., was represented by Peter Wisniewski from Kislak Commercial Real Estate Services. The transaction took place on June 14, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,600,000
- Square Footage: 52,068
- Address: 170 Mount Airy Road
- Market: Basking Ridge
- Buyer: Aucta Pharmaceuticals Inc.
- Seller's Representative: The Garibaldi Group
- Buyer's Representative: Peter Wisniewski - Kislak Commercial Real Estate Services
Peter Wisniewski from Kislak Commercial Real Estate Services represented Aucta Pharmaceuticals Inc. in the transaction. The sale price of the property translates to approximately $88 per square foot.
Players
Basking Ridge 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93