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420 Grand Ave, Englewood, N...

Cushman & Wakefield Brokers Sell Englewood Medical Office On Grand Ave For $3.55M
SOLDOffice

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

Andrew Merin

Cushman & Wakefield

Broker

$3.1B

vol

35 deals

Broker

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