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101 Crawfords Corner Road

Ralph Zucker Of Inspired By Somerset Development Leases Office Space To JCP&L In Holmdel
LEASEDOffice

Ralph Zucker Of Inspired By Somerset Development Leases Office Space To JCP&L In Holmdel

101 Crawfords Corner Road

Building Size

69,870 SF

Asset Type

Office

Closing

Aug 13, 2025

AI

The property at 101 Crawfords Corner Road in Holmdel is an office asset totaling 69,870 square feet. This leasing transaction involves a renewed agreement for 64,553 square feet of office space and 5,317 square feet of storage space, accommodating JCP&L, which has been utilizing the complex since 2017.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 101 Crawfords Corner Road
  • Market: Holmdel
  • Landlord: Ralph Zucker - Inspired by Somerset Development
  • Tenant: JCP&L (Jersey Central Power & Light)
  • Total Square Footage: 69,870
  • Office Space: 64,553 square feet
  • Storage Space: 5,317 square feet

Ralph Zucker, representing Inspired by Somerset Development, is the landlord in this transaction. JCP&L (Jersey Central Power & Light) has remained consistent at this location, reinforcing their commitment to the site since relocating their regional headquarters there in 2017.

Players

Ralph Zucker

Inspired by Somerset Development

Landlord

2 deals

Landlord
Inspired by Somerset Development
Inspired by Somerset DevelopmentLandlord

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