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OBC Realty Of North Jersey Purchases Office Building In Pompton Plains For $3.75M

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SOLD
$3,750,000

New Jersey

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Office15,000 SF
Sold 11/18/2024
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Property Image
SOLD

OBC Realty Of North Jersey Purchases Office Building In Pompton Plains For $3.75M

901 New Jersey Highway 23

See Similar Deals
Office15,000 SF
Sold 11/18/2024
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$250
Total Square Footage:15,000 SF
Transaction Type:Sale

The property involved in the transaction is an office located at 901 New Jersey Highway 23 in Pompton Plains. The sale price for the property was $3,750,000, with a total square footage of 15,000, resulting in a price per square foot of $250.

Summary of transaction details:

Roman Drukarov represented the broker in this transaction and noted that the building will be transformed into a center dedicated to natural birthing and family care. The new location is set to open in New Jersey in 2025, and there is one more space available in the building for leasing individual offices or a suite.

Players

Roman Drukarov
Berkshire Hathaway HomeServices
Roman Drukarov
8 deals$22.5M volume
BROKER

Details

SOLD
IMAGE: Roman Drukarov DATE: 11/18/2024 ADDRESS: 901 New Jersey Highway 23 MARKET: Pompton Plains ASSET TYPE: Office BUYER: OBC Realty of North Jersey SELLER: Mark Charnet - MTCZJS Properties BROKER: Roman Drukarov (@RomanDrukarov_Realtor) - Berkshire Hathaway HomeServices (@BHHSRealEstate) SALE PRICE: $3,750,000 SF: 15,000 ~ PPSF: $250 NOTE FROM BROKER: This building will be transformed into a center dedicated to natural birthing and family care. Congratulation to the buyers on their 3rd location. Location will be opening in NJ in 2025. If you are interested in leasing individual offices or a suite, there is 1 more space available in this building, DM Roman Drukarov for additional information.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
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