Updated Oct 8, 2025
Agadia Systems Acquires Office Building In Morris Plains From Chopp Holdings For $10.25M
201 Littleton Road
$10,250,000
$115/SF
Building Size
89,100 SF
Asset Type
Office
Closing
Sep 30, 2025
About this deal
AI
The property involved in this transaction is an office building located at 201 Littleton Road in Morris Plains. The asset was sold for $10,250,000, encompassing a total square footage of 89,100. The price per square foot for the transaction was $115.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,250,000
- Address: 201 Littleton Road
- Market: Morris Plains
- Buyer's Name: Agadia Systems
- Seller's Name: Chopp Holdings
- Brokers: David Bernhaut, Frank DiTommaso, Andrew Schwartz, Jordan Sobel, Andre Balthazard, Dan Bottiglieri - Cushman & Wakefield
- Mortgage Brokers: Brian Anderson, Eddie Miro - Cushman & Wakefield
Agadia Systems plans to relocate its global headquarters from Parsippany to the new location. Cushman & Wakefield represented the seller, Chopp Holdings, in this transaction and facilitated the sourcing of the buyer as well as arranging the financing.
On the Map
$10,250,000
$115/SF
Office
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Players
Morris Plains 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
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93