ConnectiveRX Renews 19,371-SF Office Lease In Fairfield With JLL As Brokers
100 Passaic Avenue
Building Size
19,371 SF
Asset Type
Office
Closing
Mar 1, 2024
AI
The office located at 100 Passaic Avenue in Fairfield, Northern New Jersey, spanning 19,371 square feet, was leased by Tenant Harry Totonis of ConnectiveRX. The property is part of the Greenbrook Executive Center and is owned by Landlord Jason R. Bogart of Accordia Realty Ventures.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 100 Passaic Avenue
- Market: Fairfield
- Size: 19,371 square feet
The lease deal at the Greenbrook Executive Center involved Tenant Harry Totonis from ConnectiveRX renewing the lease for the 19,371-square-foot office space. Representing the parties in the transaction were brokers Derek DeMartino and Fred Hyatt from JLL.
Players
Fairfield Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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