Updated Dec 21, 2023
Marcus & Millichap Sells Office Property In Fords, NJ For $4.3M
720 King George's Post Road, Fords, New Jersey 08863, United States
$4,305,000
$115/SF
Building Size
37,135 SF
Asset Type
Office
Closing
Feb 17, 2022
About this deal
AI
The office property located at 720 King Georges Rd in Fords, NJ has been sold for a sale price of $4,305,000. The property spans over 2 acres and has a total of 37,135 square feet. The sale was facilitated by brokers Alan Cafiero and Brent Hyldahl from Marcus & Millichap. The transaction took place on February 18, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,305,000
- Address: 720 King Georges Rd, Fords, NJ
- Market: Fords, NJ
- Asset Type: Office
- Acres: 2
Alan Cafiero and Brent Hyldahl, representing Marcus & Millichap, played a crucial role in the successful completion of this transaction.
Players
Fords 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
3.68%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93