Updated Oct 14, 2026
FCA Acquires Property At 414 Eagle Rock Ave West Orange For $8.8 Million With Kim Kretowicz-Nitto As Seller's Representative
414 Eagle Rock Ave, West Orange, NJ...
$8,800,000
$146/SF
Building Size
60,000 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in the transaction is Skyline Plaza, an office building located at 414 Eagle Rock Ave, West Orange, NJ. The property encompasses a total area of 60,000 square feet and was 92 percent occupied at the time of the sale. This transaction was finalized for a total price of $8,800,000.00 within the West Orange market.
Summary of transation details:
- Property Type: Office Building
- Transaction Amount: $8,800,000.00
- Address: 414 Eagle Rock Ave, West Orange, NJ
- Square Footage: 60,000
- Market: West Orange
- Seller's Representative: Kim Kretowicz-Nitto (Marcus & Millichap)
- Buyer: FCA
Fahri Ozturk and Kim Kretowicz of Marcus & Millichap were involved in representing the seller during this transaction. The seller was a private investor, and the buyer's identity remains undisclosed.
On the Map
$8,800,000
$146/SF
Office
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Players
West Orange 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93