Updated May 29, 2026
Colliers Brokers $5.2 Million Sale Of Office Building In Parsippany New Jersey
199 Pomeroy Road
$5,200,000
Building Size
—
Asset Type
Office
Closing
May 29, 2026
About this deal
AI
This article pertains to the sale of a vacant three-story office building located at 199 Pomeroy Road in Parsippany, New Jersey. The property, built in 1985 and recently renovated, was sold for $5,200,000. The transaction involved undisclosed parties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,200,000
- Address: 199 Pomeroy Road
- Market: Parsippany, NJ
- Previous Occupant: DOWC
Colliers played a key role in facilitating this transaction, with brokers Jacklene Chesler, Patrick Norris, and Brittany Leventoff representing both sides of the sale. The expertise of the Colliers team contributed to successfully closing the deal.
On the Map
$5,200,000
Office
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Market 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93