Onyx Equities LLC Leases 63761 Square Feet At 117 W Century Rd Paramus With Cushman & Wakefield
117 W Century Rd, Paramus, NJ, 07652
Building Size
63,761 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 117 W Century Rd, Paramus, NJ, 07652, within the Paramus market. The asset encompasses 63,761 square feet and is currently held by the landlord, Onyx Equities LLC.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 63,761
- Address: 117 W Century Rd, Paramus, NJ, 07652
- Market: Paramus
- Landlord's Representatives: Mark Trevisan, Mark Zaziski, David DeMatteis - Cushman & Wakefield
- Landlord: Onyx Equities LLC
This transaction involved the representation of the landlord by Mark Trevisan, Mark Zaziski, and David DeMatteis, all from Cushman & Wakefield, who played a crucial role in facilitating the lease agreement for the property.
Players
Paramus 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