NAI James E. Hanson Represents 206 Bergen Avenue LLC In Medical Office Leases At Kearny
206 Bergen Avenue
Building Size
9,415 SF
Asset Type
Medical Office
Closing
Feb 7, 2024
AI
A medical office located at 206 Bergen Avenue in Kearny has recently signed three new lease agreements. The property is approximately 9,415 square feet in size and is owned by 206 Bergen Avenue LLC. It is conveniently situated near major transportation routes, making it an attractive location for healthcare tenants.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: Not available
- Address: 206 Bergen Avenue
- Market: Kearny
- Tenants: Pulse Vascular LLC; Cranial Technologies Inc.; IME Plus LLC
- Brokers: Darren Lizzack & Randy Horning - NAI James E. Hanson
The new leases at 206 Bergen Ave were facilitated by NAI James E. Hanson, representing the landlord, 206 Bergen Avenue LLC, in each transaction. The upgraded features of the property and its convenient location near transportation routes were emphasized to cater to the specific needs of healthcare tenants.
Players
Kearny Medical Office Market Snapshot
Boundary boundary · Medical Office · 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