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140 Broad St Red Bank, NJ 0...

UBS Financial Services Signs 10-Year Lease At 140-148 Broad Street In Red Bank
LEASEDOffice

UBS Financial Services Signs 10-Year Lease At 140-148 Broad Street In Red Bank

140 Broad St Red Bank, NJ 07701, USA

$27

Building Size

Asset Type

Office

Closing

May 31, 2023

AI

UBS Financial Services has signed a 10-year lease for a 20,715-square-foot space at the redevelopment project located at 140-148 Broad Street in Red Bank. The property, owned by Denholtz Properties, offers a modern and upscale experience for UBS clients and employees. The lease was facilitated by CBRE, Cushman & Wakefield, and Denholtz Properties.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 140-148 Broad Street
  • Market: Red Bank
  • Asking Rent: $27/ft.
  • Square Footage: 20,715
  • Lease Terms: 10-year

The landlord, Denholtz Properties, was represented by Suzanne Macnow, Alexandra Anagnostou, Justin Ridolfo from CBRE, and Kris Hurlbut from Denholtz. On the other hand, UBS Financial Services was represented by Josh Cohen and Bill Brown from Cushman & Wakefield.

Players

Suzanne Macnow

CBRE

Broker

6 deals

Broker
Denholtz Properties
Denholtz PropertiesLandlord

Red Bank 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

587518.52%

Cash-on-Cash

-167914.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93