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101 Crawfords Corner Road

Victory Home Remodeling Leases 42,949 SF Office Space At 101 Crawfords Corner Road In Holmdel
LEASEDOffice

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

Erin Moran

JLL

Broker

2 deals

Broker
Guardian Life Insurance
Guardian Life InsuranceLandlord

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