Updated Oct 29, 2024
SKIDATA Opens US HQ At 120 Albany St In New Brunswick Under Cushman & Wakefield's Guidance
120 Albany St, New Brunswick, NJ, 08...
Building Size
11,500 SF
Asset Type
Office
Closing
Nov 22, 2023
About this deal
AI
Located at 120 Albany St in New Brunswick, NJ, the office property consists of 11,500 square feet in the New Brunswick market. The tenant, SKIDATA, recently opened its United States Headquarters office at this Class A property, representing a significant move from nearby Hillsborough, NJ.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Available
- Tenant's Rep: Warren Searles (Cushman & Wakefield)
- Landlord: Albany Street Plaza Urban Renewal Llc
- Square Feet: 11,500
Warren Searles of Cushman & Wakefield played a pivotal role in representing SKIDATA in the search and lease negotiation for the new headquarters. The landlord, represented by Sam Boraie, ensured the successful execution of the deal. Mary DaCosta also contributed as the project manager for the expansion move, highlighting the collaborative effort behind the relocation of SKIDATA to its new office space.
Players
New Brunswick 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