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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 45 Waterview Boulevard
- Market: Parsippany
- Square Footage: 107,000
- Brokers: Jacklene Chesler, Patrick Norris, Brittany Leventoff & Samuel Horowitz - Colliers
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
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