Cushman & Wakefield Brokers Sell Englewood Medical Office On Grand Ave For $3.55M
420 Grand Ave, Englewood, NJ, USA
$3,550,000
$222/SF
Building Size
15,940 SF
Asset Type
Office
Closing
Nov 3, 2021
AI
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.
Players
Englewood 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
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93