Updated Oct 29, 2024
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
About this deal
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.
On the Map
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