facebook
Traded Co logo
Submit

StoneWater Equities Acquires Office Building In Fairfield For $7.15M

Property Image
SOLD
$7,150,000
Andrew "Andy" Schwartz
Jordan Sobel
+ 2

New Jersey

See Similar Deals
Office
Sold 02/11/2022
the dealplayerscompscontact
Property Image
SOLD

StoneWater Equities Acquires Office Building In Fairfield For $7.15M

710 US Route 46, Fairfield Township, New Jersey 07004, United States

See Similar Deals
Office
Sold 02/11/2022
Andrew "Andy" Schwartz
Jordan Sobel
+ 2
Contact now

Summary

NEW JERSEY
Asset Type:Office
Transaction Type:Sale

StoneWater Equities, represented by Morris Sarway, has acquired an office property located at 710 Route 46 in Fairfield. The property was sold by 700 Fairfield Investors LLC. The transaction was facilitated by brokers Andy Merin, Andy Schwartz, Jordan Sobel, and Andre Balthazard from Cushman & Wakefield. The sale price for the property was $7,150,000.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $7,150,000
  • Address: 710 Route 46, Fairfield
  • Buyer: StoneWater Equities - Morris Sarway
  • Seller: 700 Fairfield Investors LLC
  • Brokers: Andy Merin, Andy Schwartz, Jordan Sobel, and Andre Balthazard - Cushman & Wakefield

The acquisition of the office property by StoneWater Equities was completed on February 11, 2022. The property is located at 710 Route 46 in Fairfield. The transaction involved the buyer, StoneWater Equities, represented by Morris Sarway, and the seller, 700 Fairfield Investors LLC. The deal was facilitated by brokers Andy Merin, Andy Schwartz, Jordan Sobel, and Andre Balthazard from Cushman & Wakefield. The property was sold for a total price of $7,150,000.

Players

Andrew (Andy) Merin
35 deals$3.1B volume(310) 387-7087
BROKER

Andrew "Andy" Schwartz
Cushman & Wakefield
38 deals$333.5M volume
BROKER

Jordan Sobel
Cushman & Wakefield
43 deals$395.1M volume
BROKER

Andre Balthazard
Cushman & Wakefield
39 deals$351.5M volume
BROKER


3 deals$30.5M volume
BUYER

Details

SOLD
IMAGE: Andy Schwartz, Jordan Sobel, Andy Merin & Andre Balthazard DATE: 02/11/2022 ADDRESS: 710 Route 46 MARKET: Fairfield ASSET TYPE: Office BUYER: StoneWater Equities - Morris Sarway SELLER: 700 Fairfield Investors LLC BROKERS: Andy Merin, Andy Schwartz, Jordan Sobel & Andre Balthazard - Cushman & Wakefield SALE PRICE: $7,150,000

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$381,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,402.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,894.65
Annual Debt Service$406,735.77