Maxim Properties Acquires Office Building In Bridgewater For $39M
SOLD
$39,000,000
New Jersey
See Similar DealsOffice117 SF
Sold 02/08/2022
SOLD
Maxim Properties Acquires Office Building In Bridgewater For $39M
US Hwy 202/206
See Similar DealsOffice117 SF
Sold 02/08/2022
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$333,333
Total Square Footage:117 SF
Transaction Type:Sale
Maxim Properties has purchased an office asset located at 700 Route 202/206 in Bridgewater. The property spans a total of 117,000 square feet and was sold for $39,000,000, resulting in a price per square foot of $333. The transaction was completed on August 2, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $39,000,000
- Address: 700 Route 202/206, Bridgewater
- Market: Bridgewater
- Buyer: Maxim Properties
- Seller: EQT Exeter
- Brokers: Kevin Welsh, Brian Schulz & Maria Betancourt - Newmark
The deal was facilitated by Kevin Welsh, Brian Schulz, and Maria Betancourt from Newmark, who represented both the buyer and the seller in this transaction.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,080,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$138,558.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$184,879.90
Annual Debt Service$2,218,558.76
Is there something missing? Send suggestions