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30 2 Bridges Road, Fairfiel...

Gold Ventures & Capstone Realty Group Acquires Fairfield Office For $10.15M
SOLDOffice

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

Michael J. Greenberg

Broker

$10.2M

vol

1 deal

Broker
CG
Capstone Realty GroupBuyer

Fairfield Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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