Updated Oct 28, 2024
GenPsych Acquires Office Building In Bridgewater For $4M
380 Foothill Road, Bridgewater, New Jersey 08807, United States
$4,000,000
$200/SF
Building Size
20,000 SF
Asset Type
Office
Closing
Apr 17, 2022
About this deal
AI
Located in Bridgewater, the property at 380 Foothill Road was recently sold in a closed transaction. The office property spans across 5.21 acres and offers a total of 20,000 square feet of space. The transaction took place on 04/18/2022.
Summary of transaction details
- Property Type: Office
- Address: 380 Foothill Road
- Market: Bridgewater
- Acres: 5.21
The buyer, GenPsych, acquired the property from DeSapio Properties LLC for a total of $4,000,000, resulting in a price per square foot of $200. Tim Deluccia from Deluccia Commercial Group represented the buyer and seller in this transaction.
Bridgewater 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93