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30a Vreeland Road, Florham ...

Colliers Acquires 15.35-Acre Office Property In Florham Park For $13.3M
SOLDOffice

Colliers Acquires 15.35-Acre Office Property In Florham Park For $13.3M

30a Vreeland Road, Florham Park, New Jersey 07932, United States

$13,260,000

$83/SF

Building Size

158,583 SF

Asset Type

Office

Closing

Oct 25, 2022

AI

Located in Florham Park, the 15.35-acre office property at 30A & B Vreeland Road has recently been sold. The property, spanning a total of 158,583 square feet, was sold on October 26, 2022. This transaction was facilitated by the brokerage team of Jacklene Chesler, Patrick Norris, and Joe Lane from Colliers. The sale price for the property amounted to $13,260,000, resulting in a price per square foot of $84.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $13,260,000
  • Address: 30A & B Vreeland Road
  • Market: Florham Park
  • Acres: 15.35

The team of Jacklene Chesler, Patrick Norris, and Joe Lane from Colliers successfully represented the sellers and buyers in this transaction. Their expertise and negotiation skills contributed to the successful completion of the deal.

Players

Jacklene Chesler

Colliers

Broker

$209.4M

vol

25 deals

Broker

Florham Park 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

1.20%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93