Victory Home Remodeling Leases 42,949 SF Office Space At 101 Crawfords Corner Road In Holmdel
101 Crawfords Corner Road
Building Size
42,949 SF
Asset Type
Office
Closing
Jan 19, 2024
AI
Victory Home Remodeling, a home remodeling company, has signed a sublease for a 42,949-square-foot office space at 101 Crawfords Corner Road in Holmdel, New Jersey. The sublease was arranged by Cushman & Wakefield, with JLL representing the sublandlord, Guardian Life Insurance Co. of America.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not available
- Square Footage: 42,949
- Address: 101 Crawfords Corner Road, Holmdel, New Jersey
- Market: Holmdel
The landlord, Andrew J. McMahon, represents Guardian Life Insurance Co. of America. The tenant, Bill Winters, is the representative of Victory Home Remodeling. The landlord's representatives in this deal are Erin Moran, Peter Ladas, and Scott Stange from JLL. On the other hand, the tenant is represented by Curtis Foster and Jerry Shifrin from Cushman & Wakefield.
It is worth noting that Victory Home Remodeling is relocating its headquarters to the Bell Works facility in Holmdel, New Jersey.
Players
Holmdel 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