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100 Enterprise Drive

Casio America Inc. Leases 21,388 Square Feet From Northbridge Capital At 100 Enterprise Drive
LEASEDOffice

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:

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

Dan Spero

JLL

Broker

$13M

vol

3 deals

Broker
I
Inc.Brokerage
NC
Northbridge CapitalLandlord

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