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199 Pomeroy Road

Colliers Brokers $5.2 Million Sale Of Office Building In Parsippany New Jersey
SOLDOffice

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

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.

Players

Jacklene Chesler

Colliers

Broker

$209.4M

vol

25 deals

Broker

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