Cushman & Wakefield Brokers Sell Englewood Medical Office On Grand Ave For $3.55M
SOLD
$3,550,000
+ 3
New Jersey
See Similar DealsOffice15,940 SF
Sold 11/03/2021
SOLD
Cushman & Wakefield Brokers Sell Englewood Medical Office On Grand Ave For $3.55M
420 Grand Ave, Englewood, NJ, USA
See Similar DealsOffice15,940 SF
Sold 11/03/2021
+ 3
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$222
Total Square Footage:15,940 SF
Transaction Type:Sale
A 1.16-acre medical office property located at 420 Grand Ave in Englewood has been sold for a price of $3,550,000. The property spans 15,940 square feet, resulting in a price per square foot of $223. The transaction took place on November 3, 2021.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $3,550,000
- Address: 420 Grand Ave
- Market: Englewood
- Acres: 1.16
The seller of the property was East Park Real Estate, while the sale was represented by Andy Merin, Andrew Schwartz, Jeffrey Prezant, Seth Pollack, Jordan Sobel, and Andre Balthazard from Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$189,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,612.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,828.81
Annual Debt Service$201,945.73
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