facebook
Traded Co logo
Submit

Skydell Contracting Inc Acquires Office Building In Bridgewater, NJ For $1.1M

Property Image
SOLD
$1,132,000

New Jersey

See Similar Deals
Office7,500 SF
Sold 07/20/2020
the dealplayerscompscontact
Property Image
SOLD

Skydell Contracting Inc Acquires Office Building In Bridgewater, NJ For $1.1M

711 East Main Street, Millville, NJ, USA

See Similar Deals
Office7,500 SF
Sold 07/20/2020
Contact now

Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$150
Total Square Footage:7,500 SF
Transaction Type:Sale

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

6 deals$11.6M volume
BROKER


SELLER

Details

SOLD
IMAGE: Marcy Gross & Richard Skydell DATE: 07/20/2021 ADDRESS: 711 E. Main St. MARKET: Bridgewater, NJ ASSET TYPE: Office BUYER: Skydell Contracting Inc SELLER: PRD Properties LLC BROKER: Marcy Gross & Eric Weston - Sheldon Gross Realty SALE PRICE: $1,132,000 SF: 7,500 ~ PPSF: $151

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)

$60,373.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,021.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,366.26
Annual Debt Service$64,395.09