Updated Oct 28, 2024
San Mar Square Partnership Sells 4.3 Acre Office Property In Denville For $3.75M
3175 Rt 10 East, Denville Township, New Jersey 07834, United States
$3,750,000
$164/SF
Building Size
22,830 SF
Asset Type
Office
Closing
Apr 10, 2022
About this deal
AI
Located at 3175 Route 10 in Denville, this office property spans across 4.3 acres. The property, with a total square footage of 22,830, was recently sold for $3,750,000 at a price per square foot of $164. The seller, San Mar Square Partnership, successfully closed the transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,750,000
- Market: Denville
- Address: 3175 Route 10
- Size: 4.3 acres
- Broker: Samuel Bonfante - Coldwell Banker Commercial Realty
The deal was facilitated by Samuel Bonfante, a broker from Coldwell Banker Commercial Realty, who represented the buyer or seller in this transaction. This successful sale highlights the partnership between San Mar Square Partnership and Coldwell Banker Commercial Realty, demonstrating their expertise in closing significant office property deals in the Denville market.
Players
Denville 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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93