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45 Waterview Boulevard

Colliers Brokers Sale Of Vacant Office Building In Parsippany Representing Both Seller And Buyer
SOLDOffice

Colliers Brokers Sale Of Vacant Office Building In Parsippany Representing Both Seller And Buyer

45 Waterview Boulevard

Building Size

107,000 SF

Asset Type

Office

Closing

Feb 24, 2026

AI

A vacant office building consisting of 107,000 square feet, located at 45 Waterview Boulevard in Parsippany, was the subject of the transaction. The four-story asset was previously leased to DSM Nutritional Products and built in 1997.

Summary of transaction details:

Colliers represented both the seller and an anonymous buyer/end user in the deal. The brokers involved in marketing the property were Jacklene Chesler, Patrick Norris, Samuel Horowitz, and Brittany Leventoff.

Players

Jacklene Chesler

Colliers

Broker

$209.4M

vol

25 deals

Broker

Parsippany 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93