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100 Passaic Avenue

ConnectiveRX Renews 19,371-SF Office Lease In Fairfield With JLL As Brokers
LEASEDOffice

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

Derek DeMartino

JLL

Broker

2 deals

Broker

Fairfield 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