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100 Enterprise Dr Dover, NJ...

New Jersey Education Association And Polaris Pharmacy Services Lease Office Space In Rockaway
LEASEDOffice

New Jersey Education Association And Polaris Pharmacy Services Lease Office Space In Rockaway

100 Enterprise Dr Dover, NJ 07801, USA

$2

$2/SF

Building Size

20,622 SF

Asset Type

Office

Closing

May 2, 2023

AI

The Mark, a recently renovated office building located at 100 Enterprise Drive in Rockaway, New Jersey, has successfully secured three new leases. The tenants involved in these leases are the New Jersey Education Association, Polaris Pharmacy Services, and a professional services company. This office building, spanning a total of 20,622 square feet, is owned by Northbridge Capital.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: N/A
  • Asking Rent: $2.04/ft.
  • Image: Chris Conklin
  • Date: 05/02/2023
  • Address: 100 Enterprise Drive, Rockaway, New Jersey
  • Market: Rockaway
  • Tenants: New Jersey Education Association, Polaris Pharmacy Services, and a professional services company
  • Landlord: Northbridge Capital
  • Broker: Chris Conklin - JLL

The New Jersey Education Association, Polaris Pharmacy Services, and the professional services company have chosen The Mark as their new office location. These leases signify the growing demand for office spaces in Rockaway, New Jersey.

Players

Chris Conklin

Broker

$1.1B

vol

9 deals

Broker
NC
Northbridge CapitalLandlord
NA
New Jersey Education AssociationTenant

New Jersey 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

7931500.00%

Cash-on-Cash

-2266847.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93