Updated Oct 29, 2024
John Guest USA Inc Leases 60600 Square Feet At 20 E Halsey Rd Parsippany From GTJ REIT Inc
20 E Halsey Rd, Parsippany-Troy Hills...
Building Size
60,600 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 20 E Halsey Rd, Parsippany-Troy Hills, in the Parsippany market. The property has a total area of 60,600 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 20 E Halsey Rd, Parsippany-Troy Hills
- Market: Parsippany
- Tenant: John Guest USA Inc
- Landlord: GTJ REIT, Inc
- Tenant's Representative: John Donnelly
John Guest USA Inc is the tenant entering into the lease agreement with GTJ REIT, Inc, which acts as the landlord. John Donnelly represents the tenant in this transaction.
On the Map
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Parsippany CRE Market Snapshot
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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