Updated Oct 28, 2024
855 Valley Road Holdings Acquires Office Property In Clifton, NJ For $12.5M
855 Valley Road, Clifton, New Jersey 07013, United States
$12,500,000
$198/SF
Building Size
63,000 SF
Asset Type
Office
Closing
Aug 22, 2022
About this deal
AI
855 Valley Rd, located in Clifton, NJ, has recently been sold. The office property, consisting of approximately 63,000 square feet, was purchased by 855 Valley Road Holdings LLC. The transaction took place on August 23, 2022, with a sale price of $12,500,000, resulting in a price per square foot of $198. The previous owner, Bliss Valley Associates LLC, sold the property.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,500,000
- Address: 855 Valley Rd, Clifton, NJ
- Buyer: 855 Valley Road Holdings LLC
- Seller: Bliss Valley Associates LLC
- Brokers: Randy Horning & Darren Lizzack - NAI James E. Hanson
Randy Horning and Darren Lizzack from NAI James E. Hanson represented the buyer and seller respectively in this transaction.
Clifton 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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93