CBRE Represents Tenant In Lease Of Office Space At 90 Matawan Rd In Matawan, NJ
Parking lot, 90 Matawan Rd, Matawan, NJ 07747, USA
Building Size
61,863 SF
Asset Type
Office
Closing
Oct 28, 2022
AI
The office property located at 90 Matawan Rd in Matawan, NJ was recently leased. The transaction was facilitated by CBRE, with Suzanne Macnow, Alexandra Anagnostou, and Justin Ridolfo representing the tenant. The landlord was represented by Rick Heilmann from The Arlington Group.
Summary of transaction details
- Property Type: Office
- Address: 90 Matawan Rd, Matawan, NJ
- Market: Matawan, NJ
- Tenant's Representative: Suzanne Macnow, Alexandra Anagnostou & Justin Ridolfo - CBRE
- Landlord's Representative: Rick Heilmann - The Arlington Group
- Asking Rent: $28/ft.
- Square Footage: 61,863
The leased office space at 90 Matawan Rd offers a total of 61,863 square feet. The rental rate for the property was set at $28 per square foot. CBRE, represented by Suzanne Macnow, Alexandra Anagnostou, and Justin Ridolfo, negotiated on behalf of the tenant, while Rick Heilmann of The Arlington Group acted as the landlord's representative.
Players
Matawan 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