Skydell Contracting Inc Acquires Office Building In Bridgewater, NJ For $1.1M
711 East Main Street, Millville, NJ, USA
$1,132,000
$150/SF
Building Size
7,500 SF
Asset Type
Office
Closing
Jul 20, 2020
AI
An office property located at 711 E. Main St. in Bridgewater, NJ has been sold for $1,132,000. The property spans 7,500 square feet, resulting in a price per square foot of $151. The sale took place on July 20, 2021. The buyer of the property is Skydell Contracting Inc, while the seller is PRD Properties LLC. The deal was facilitated by brokers Marcy Gross and Eric Weston from Sheldon Gross Realty.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,132,000
- Address: 711 E. Main St., Bridgewater, NJ
- Square Footage: 7,500
- Price per Square Foot: $151
- Sale Date: July 20, 2021
- Buyer: Skydell Contracting Inc
- Seller: PRD Properties LLC
- Brokers: Marcy Gross & Eric Weston - Sheldon Gross Realty
The sale of the property at 711 E. Main St. in Bridgewater, NJ was facilitated by Marcy Gross and Eric Weston from Sheldon Gross Realty. They represented the buyer, Skydell Contracting Inc, and the seller, PRD Properties LLC. This transaction marks a significant real estate deal in the Bridgewater market.
Players
Millville 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
14.01%
Cash-on-Cash
-4.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93