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959 Us Route 46

Kislak Brokers Tom Scatuorchio & Matt Weilheimer Sell Office Asset In Parsippany For $10M
SOLDOffice

Kislak Brokers Tom Scatuorchio & Matt Weilheimer Sell Office Asset In Parsippany For $10M

959 Us Route 46

$10,000,000

$76/SF

Building Size

131,346 SF

Asset Type

Office

Closing

Mar 8, 2026

AI

The property asset involved in the transaction is an office building located at 959 US Route 46 in the Parsippany market. The total sale price was $10,000,000, with the asset encompassing 131,346 square feet, which breaks down to a price per square foot of $76.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $10,000,000
  • Square Footage: 131,346
  • Price Per Square Foot: $76
  • Address: 959 US Route 46
  • Market: Parsippany

The brokers representing the transaction were Tom Scatuorchio and Matt Weilheimer from Kislak, who facilitated the sale between the involved parties.

Players

Tom Scatuorchio

Kislak

Broker

$92.6M

vol

16 deals

Broker

Parsippany 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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93