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200 Cottontail Ln, Franklin...

The Winter Organization Leases 14889 Square Feet At 200 Cottontail Ln Through Kevin Carton
LEASEDOffice

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

Kevin Carton

Cushman & Wakefield

Broker

$224M

vol

9 deals

Broker
TO
The Winter OrganizationLandlord

Market Office Market Snapshot

Boundary boundary · Office · 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