facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Office

/

Sale

/

520 Stokes Rd, Medford, NJ ...

Marcus & Millichap Sells Medford Office Building For $2.08M
SOLDOffice

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

Brian Hosey

Marcus & Millichap

Broker

$120.2M

vol

11 deals

Broker

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