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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 127 Washington Valley Rd, Warren, NJ
- Square Feet: 2,650
- Tenant: Kessler Rehab
- Landlord: 2 Dedrick Place LLC
- Tenant's Representative: Claire Huffman-Jackson Cross Partners
- Landlord's Representative: Marc Palestina-The Goldstein Group
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
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