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127 Washington Valley Rd, W...

Kessler Rehab Leases 2650 Square Feet At 127 Washington Valley Rd Warren New Jersey
LEASED

Kessler Rehab Leases 2650 Square Feet At 127 Washington Valley Rd Warren New Jersey

127 Washington Valley Rd, Warren, NJ...

Building Size

2,650 SF

Asset Type

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 127 Washington Valley Rd, Warren, NJ, within the Warren market. The leased space encompasses 2,650 square feet and is utilized by Kessler Rehab. The landlord of the property is 2 Dedrick Place LLC.

Summary of transaction details:

This lease transaction showcases the continued demand for medical-related spaces, as physical therapy providers pursue locations that facilitate access to potential clients. Claire Huffman-Jackson and Marc Palestina were instrumental in representing their respective parties, contributing to the successful finalization of the lease agreement.

Players

Marc Palestina

VanRockCRE

Broker

$117.5M

vol

27 deals

Broker

Warren 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