The Winter Organization Leases 14889 Square Feet At 200 Cottontail Ln Through Kevin Carton
200 Cottontail Ln, Franklin Township...
Building Size
14,889 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
A manufacturer has leased 14,889 square feet of laboratory and office space located at 200 Cottontail Lane, Franklin Township, arranged by Cushman & Wakefield. The property is part of The Winter Organization's portfolio and offers various features conducive to business operations.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 200 Cottontail Ln, Franklin Township
- Landlord: The Winter Organization
- Landlord's Representative: Kevin Carton (Cushman & Wakefield)
- Tenant: Not disclosed
- Square Feet: 14,889
The leasing team at Cushman & Wakefield, including Todd Elfand, Paul Giannone, Kevin Carton, and Joe Vacca, facilitated the transaction. They have highlighted the property's advantageous features such as a loading dock, heavy floor load capacity, significant power capabilities, and a fiber optic network, making it suitable for the tenant's new lab and office space.
Players
Market Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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