Updated Feb 5, 2025
Plymouth Rock Insurance Leases 130,000 SF Space At 581 Main St, Woodbridge Township
581 Main St, Woodbridge Township, NJ...
Building Size
130,000 SF
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
The property located at 581 Main St, Woodbridge Township, NJ, encompasses 130,000 square feet and was part of a lease transaction in Woodbridge. The landlord, Mack-Cali Realty Corp, finalized the lease agreement with Plymouth Rock Insurance, marking a significant real estate deal in the area.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Market: Woodbridge
- Landlord's Rep: Toni Casiano (Mack-Cali Realty Corp)
- Tenant: Plymouth Rock Insurance
- Landlord: Mack-Cali Realty Corp
- Square Feet: 130,000
Toni Casiano from Mack-Cali Realty Corp represented the landlord in the lease agreement with Plymouth Rock Insurance for the commercial space at 581 Main St. This transaction highlights the collaborative effort between the two parties in securing a strategic location for Plymouth Rock Insurance's operations.
Players
Woodbridge 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