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Parking lot, 90 Matawan Rd,...

CBRE Represents Tenant In Lease Of Office Space At 90 Matawan Rd In Matawan, NJ
LEASEDOffice

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