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2300 New Jersey 33, Robbins...

Realty Management Systems Acquires Office Building In Robbinsville For $20M
SOLDOffice

Realty Management Systems Acquires Office Building In Robbinsville For $20M

2300 New Jersey 33, Robbinsville Township, NJ, USA

$20,000,000

$423/SF

Building Size

47,188 SF

Asset Type

Office

Closing

Jan 10, 2021

AI

Realty Management Systems has acquired an office property located at 2300 Route 33 in Robbinsville. The property spans over 47,188 square feet and was sold for a price of $20,000,000, resulting in a price per square foot of $424.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $20,000,000
  • Address: 2300 Route 33, Robbinsville
  • Market: Robbinsville

The transaction was facilitated by brokers Andrew Schwartz, Patrick Dugan, Andrew Merin, Frank Liantonio, David Bernhaut, and Jordan Sobel from Cushman & Wakefield.

Players

Andrew Merin

Cushman & Wakefield

Broker

$3.1B

vol

35 deals

Broker

Trenton 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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93