Alma Realty Sells Office Building At 4 Becker Farm Road In Roseland For $10.25M
SOLD
$10,245,000
New Jersey
See Similar DealsOffice294,000 SF
Sold 02/24/2025
SOLD
Alma Realty Sells Office Building At 4 Becker Farm Road In Roseland For $10.25M
4 Becker Farm Road
See Similar DealsOffice294,000 SF
Sold 02/24/2025
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$34
Total Square Footage:294,000 SF
Transaction Type:Sale
The property involved in this transaction is an office asset located at 4 Becker Farm Road in the Roseland market. It was sold for $10,245,000, with a total square footage of 294,000, resulting in a price per square foot of $34.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,245,000
- Address: 4 Becker Farm Road
- Market: Roseland
- Seller: Alma Realty
- Broker: Julio Reyes - Reyes & El Samad Real Estate Group
- Square Footage: 294,000
- Price Per Square Foot: $34
This transaction was represented by broker Julio Reyes from Reyes & El Samad Real Estate Group, who acted on behalf of the seller Alma Realty during the deal process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$546,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,398.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,566.53
Annual Debt Service$582,798.32
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