Casio America Inc. Leases 21,388 Square Feet From Northbridge Capital At 100 Enterprise Drive
100 Enterprise Drive
Building Size
21,388 SF
Asset Type
Office
Closing
Mar 27, 2025
AI
The property asset involved in this transaction is a 21,388-square-foot Class A office space located at 100 Enterprise Drive in Rockaway. The lease involves a major tenant, Casio America Inc., signaling a continued interest in the property market following its repositioning.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 100 Enterprise Drive
- Market: Rockaway
- Landlord: Northbridge Capital
- Tenant: Tomoo Kato - Casio America Inc.
- Landlord's Rep: Chris Conklin, Dan Spero & Maria Ruberto - JLL
- Tenant's Rep: Naoki Yamaguchi - Relo Redac Inc
This deal reflects collaboration between multiple parties, with JLL representing Northbridge Capital in the negotiation process. The transaction indicates an engagement with Relo Redac Inc. for tenant representation as Casio America Inc. relocates from Dover in Q3 2025.
Players
Rockaway 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