Updated Dec 21, 2023
Compass And Lee & Associates Lease Industrial Property In Whippany
29 Leslie Court, Whippany, New Jersey 07981, United States
Building Size
12,890 SF
Asset Type
Industrial
Closing
May 30, 2022
About this deal
AI
The industrial property located at 29-37 Leslie Ct in Whippany has been leased. The lease transaction was completed on May 31, 2022.
Summary of transaction details:
- Property Type: Industrial
- Address: 29-37 Leslie Ct, Whippany
- Market: Whippany
- Brokers: Kevin Cavanaugh - Compass & Conor Krup - Lee & Associates
- Asking Rent: $11.50 per square foot
- Size: 12,890 square feet
The deal was facilitated by Kevin Cavanaugh from Compass and Conor Krup from Lee & Associates, who represented the parties involved in the lease agreement. The terms of the lease included an asking rent of $11.50 per square foot.
On the Map
Industrial
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Players
Whippany Industrial Market Snapshot
Boundary boundary · Industrial · 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