Updated Oct 28, 2024
Aresco Management Acquires Office Property In Roseland, NJ For $16M
5 Becker Farm Road, Roseland, NJ 07068
$16,000,000
$131/SF
Building Size
121,667 SF
Asset Type
Office
Closing
Dec 20, 2021
About this deal
AI
The office property located at 5 Becker Farm Road in Roseland, NJ has been sold for a price of $16,000,000. The transaction took place on December 20, 2021.
Summary of transaction details:
- Property Type: Office
- Sale Price: $16,000,000
- Square Footage: 121,667
- Price per Square Foot: $132
- Address: 5 Becker Farm Road, Roseland, NJ
- Market: Roseland, NJ
The buyer of the property is Aresco Management, while the sellers are Northlight Capital Partners and Accordia Realty. The deal was facilitated by brokers Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Rich Gatto, Fahri Ozturk, Travis Langer, and Zach McHale from the Institutional Properties Group at CBRE.
Players
Roseland 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93