Somerset Development Leases 50600 Square Feet At 101 Crawfords Corner Rd Holmdel With Kyle Mahoney As Landlord's Representative
101 Crawfords Corner Rd, Holmdel, NJ...
Building Size
50,600 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this lease transaction is located at 101 Crawfords Corner Rd, Holmdel, NJ, encompassing a total of 50,600 square feet. The market for this property is identified as Holmdel, with Somerset Development serving as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 101 Crawfords Corner Rd, Holmdel, NJ
- Market: Holmdel
- Landlord: Somerset Development
- Landlord's Representative: Kyle Mahoney, The Garibaldi Group
- Square Feet: 50,600
This lease transaction features Kyle Mahoney as the representative of the landlord, Somerset Development. The involvement of The Garibaldi Group ensures that there is a professional oversight in assisting Somerset Development in this leasing process.
Players
Holmdel 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