Marcus & Millichap Sells Medford Office Building For $2.08M
520 Stokes Rd, Medford, NJ 08055, Estados Unidos
$2,075,000
$79/SF
Building Size
26,249 SF
Asset Type
Office
Closing
Sep 27, 2020
AI
The asset involved in this transaction is an office property located at 520 Stokes Road in Medford. The transaction occurred on September 28, 2020, with a sale price of $2,075,000. The property encompasses a total square footage of 26,249, leading to a price per square foot of $79.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $2,075,000
- Address: 520 Stokes Road
- Market: Medford
- Square Footage: 26,249
- Price per Square Foot: $79
The key individuals representing the transaction are Brian Hosey, Lawrence Gariano, and Michael A. Hinchman from Marcus & Millichap. They facilitated the deal, representing the interests of the parties involved in the transaction.
Players
Medford Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.64%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93