Updated Oct 13, 2026
Pentaurus Properties LLC Acquires Office Property On Lindsley Drive In Morristown For $9.7M
25 Lindsley Drive, Morristown, New Jersey 07960, United States
$9,725,000
$127/SF
Building Size
76,308 SF
Asset Type
Office
Closing
Feb 6, 2022
About this deal
AI
Pentaurus Properties LLC has acquired an office property located at 25 Lindsley Drive in Morristown. The property spans 5 acres and features a total area of 76,308 square feet. The transaction was facilitated by Cushman & Wakefield brokers David Bernhaut, Andy Schwartz, Jordan Sobel, and André Balthazard.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $9,725,000
- Date: 02/07/2022
- Address: 25 Lindsley Drive, Morristown
- Market: Morristown
- Buyer: Pentaurus Properties LLC - J.D. Moore
- Seller: Lindsley Drive Associates LLC
- Brokers: David Bernhaut, Andy Schwartz, Jordan Sobel, and André Balthazard - Cushman & Wakefield
This transaction marks the successful acquisition of the office property by Pentaurus Properties LLC, represented by J.D. Moore. The sale price for the property amounts to $9,725,000, with a price per square foot of $127, highlighting the value of the asset.
On the Map
$9,725,000
$127/SF
Office
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Players
Morristown 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
1.63%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93