Medical Office In Woodbury Sold For $7.2M By Marcus & Millichap
603 North Broad Street, Woodbury, NJ 08096, USA
$7,200,000
$138/SF
Building Size
52,079 SF
Asset Type
Office
Closing
Oct 21, 2021
AI
A medical office property located at 603, 608, 620 & 730 North Broad St. in Woodbury was recently sold for a price of $7,200,000. The property spans across a total area of 52,079 square feet, resulting in a price per square foot of $138. The sale transaction took place on October 21, 2021.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $7,200,000
- Square Footage: 52,079
- Price per Square Foot: $138
- Market: Woodbury
The sale was facilitated by Alan Cafiero, Brent Hyldahl, and Ben Sgambati from Marcus & Millichap. They acted as the brokers representing the parties involved in the transaction.
Players
Woodbury 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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93