Atlantic Development And Management Corp Leases 49960 Square Feet At 33 Technology Drive South
33 Technology Drive South, Warren, N...
Building Size
49,960 SF
Asset Type
—
Closing
Nov 20, 2023
AI
This lease transaction involves a property located at 33 Technology Drive South, Warren, N... within the Utica market. The leased space spans a total of 49,960 square feet, managed by the landlord Atlantic Development and Management Corp.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 33 Technology Drive South, Warren, N...
- Market: Utica
- Landlord: Atlantic Development and Management Corp
- Landlord's Representative: Kyle Eaton(Newmark)
- Square Feet: 49,960
Kyle Eaton of Newmark represents Atlantic Development and Management Corp in this leasing deal. Further details about the tenant have not been disclosed.
Players
Utica CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93