Realty Management Systems Acquires Office Building In Robbinsville For $20M
SOLD
$20,000,000
+ 3
New Jersey
See Similar DealsOffice47,188 SF
Sold 01/11/2021
SOLD
Realty Management Systems Acquires Office Building In Robbinsville For $20M
2300 New Jersey 33, Robbinsville Township, NJ, USA
See Similar DealsOffice47,188 SF
Sold 01/11/2021
+ 3
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$423
Total Square Footage:47,188 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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