Gold Ventures & Capstone Realty Group Acquires Fairfield Office For $10.15M
30 2 Bridges Road, Fairfield, NJ, USA
$10,150,000
$108/SF
Building Size
93,260 SF
Asset Type
Office
Closing
Apr 26, 2021
AI
An office property located at 30 Two Bridges Road in Fairfield has been sold for $10,150,000. The property spans an area of 93,260 square feet, resulting in a price per square foot of $109. The transaction took place on April 27, 2021, with Gold Ventures & Capstone Realty Group acquiring the property.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $10,150,000
- Address: 30 Two Bridges Road, Fairfield
- Market: Fairfield
- Square Footage: 93,260
- Price per Square Foot: $109
Michael J. Greenberg from Brown Moskowitz & Kallen P.C. represented the buyer, Gold Ventures & Capstone Realty Group, in the transaction. Glenn Dulmage from MRH Real Estate Services Inc served as the seller's representative.
Players
Fairfield 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
1.56%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93