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
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