Alliance Health System Leases Office Space In Matawan From Laser Focus Holdings
14 Cliffwood Avenue
Building Size
16,300 SF
Asset Type
Office
Closing
Mar 27, 2024
AI
The property at 14 Cliffwood Avenue in Matawan, consisting of an office space spanning 16,300 square feet, was leased by Alliance Health System. The relocation from Morganville was facilitated by Zimmel Associates and finalized under the ownership of Laser Focus Holdings.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 14 Cliffwood Avenue
- Market: Matawan
- Tenants: Nicolas Bufano & Rayna Wolfman - Alliance Health System
- Landlord: Laser Focus Holdings
- Broker: David Zimmel - Zimmel Associates
The lease agreement was a strategic move by Alliance Health System, led by CEO Nicolas Bufano and COO Rayna Wolfman, to support the company's growth objectives and potentially expand within the newly acquired building.
Matawan 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