Updated Feb 24, 2026
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
About this deal
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