Somerville Partners LLC Leases 17000 Square Feet At 3438 W Main St In Somerville, NJ
3438 W Main St, Somerville, NJ, 08876
Building Size
17,000 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 3438 W Main St, Somerville, NJ, 08876. It encompasses a total area of 17,000 square feet and is situated in the Somerville market. The landlord for this lease is Somerville Partners LLC.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 3438 W Main St, Somerville, NJ, 08876
- Market: Somerville
- Square Feet: 17,000
- Landlord: Somerville Partners LLC
- Tenant's Representative: Mark Hay (Keller Williams), Mark Hayes
This lease transaction was facilitated with the involvement of Mark Hay and Mark Hayes, who jointly represent the tenant in this deal. Their role was crucial in negotiating the terms of the lease for the defined property.
Players
Somerville 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