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10 Independence BLVD, Warre...

Cipla Inc. Leases 14280 Square Feet At 10 Independence Blvd Warren Represented By CBRE And JLL
LEASEDOffice

Cipla Inc. Leases 14280 Square Feet At 10 Independence Blvd Warren Represented By CBRE And JLL

10 Independence BLVD, Warren, NJ, 0...

Building Size

14,280 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

Located at 10 Independence BLVD, Warren, NJ, this leased property spans 14,280 square feet within the Warren market. It has been leased to Cipla Inc. by American Equity Partners LLC.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 10 Independence BLVD, Warren, NJ
  • Market: Warren
  • Tenant: Cipla Inc.
  • Landlord: American Equity Partners LLC
  • Tenant's Representative: David Leviton - CBRE
  • Landlord's Representative: Jason Benson - JLL
  • Square Feet: 14,280

This transaction involved key representatives, including David Leviton from CBRE representing the tenant and Jason Benson from JLL representing the landlord, facilitating the lease agreement. Their roles were crucial in finalizing this deal for both parties involved.

Players

David Leviton

JLL

Broker

1 deal

Broker
AP
American Equity PartnersLandlord

Warren Office Market Snapshot

Boundary boundary · 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