Updated Dec 20, 2023
Marcus & Millichap Brokers Facilitate $13.1M Acquisition Of Office Property In Clark, NJ
67 Walnut Ave, Clark, NJ 07066, USA
$13,075,000
$17/SF
Building Size
761,460 SF
Asset Type
Office
Closing
May 13, 2020
About this deal
AI
An office property located at 67 Walnut Avenue in Clark, NJ has recently been sold in a closed transaction. The property spans approximately 76,146 square feet and was sold for a price of $13,075,000, resulting in an average price per square foot of $171.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $13,075,000
- Square Footage: 76,146
- Price per Square Foot: $171
- Address: 67 Walnut Avenue, Clark, NJ
- Market: Clark, NJ
The deal was facilitated by Fahri Ozturk and Richard Gatto from Marcus & Millichap. They represented the parties involved in the transaction, ensuring a successful conclusion.
Players
Clark 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
1.21%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93