F. Greek Development Leases 451800 Square Feet At 2 Turner Pl Piscataway Township NJ With Brian Golden Of JLL
2 Turner Pl, Piscataway Township, NJ...
Building Size
451,800 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 2 Turner Pl, Piscataway Township, NJ. It encompasses a total square footage of 451,800 and is situated within the Piscataway market, reflecting significant space for potential operations.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 2 Turner Pl, Piscataway Township, NJ
- Market: Piscataway
- Landlord: F. Greek Development
- Landlord's Representative: Brian Golden -JLL
- Tenant: Not specified
- Square Feet: 451800
Brian Golden from JLL represents the landlord, F. Greek Development, in this transaction, facilitating the lease agreement for the property in Piscataway Township. Details regarding the tenant involved in this transaction have not been provided.
Players
Piscataway 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