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:
- Property Type: Office
- Transaction Amount: $11,170,000
- Seller: Carey Tajfel - TFE Properties
- Brokers: Jacklene Chesler, Matthew Cohen, Patrick Norris & Philippe Jomphe - Colliers
- SF: 112,705
- PPSF: $99
- Buyer: New York-based private investor
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
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