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
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