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14 Cliffwood Avenue

Alliance Health System Leases Office Space In Matawan From Laser Focus Holdings
LEASEDOffice

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.

Players

David Zimmel

Zimmel Associates

Broker

$181.4M

vol

15 deals

Broker

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