facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Office

/

Sale

/

900 Route 9 N

Colliers Brokers $11.17M Sale Of Woodbridge Office Building To NY Investor
SOLDOffice

Colliers Brokers $11.17M Sale Of Woodbridge Office Building To NY Investor

900 Route 9 N

$11,170,000

$99/SF

Building Size

112,705 SF

Asset Type

Office

Closing

Jun 21, 2024

AI

The Woodbridge office building "900 on 9" located at 900 Route 9 N was sold for $11,170,000. The property spans 112,705 square feet and is situated in the Woodbridge market.

Summary of transaction details:

Colliers played a pivotal role in brokering the sale of the "900 on 9" office building. The transaction was spearheaded by the team of brokers consisting of Jacklene Chesler, Matthew Cohen, Patrick Norris, and Philippe Jomphe. The property, despite being 54% occupied at the time of sale, garnered substantial interest in the market leading to its successful purchase by a private investor based in New York.

Players

Jacklene Chesler

Colliers

Broker

$209.4M

vol

25 deals

Broker

Woodbridge Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.42%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93