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
Florham Park 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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93