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
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