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
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