Catholic Charities Leases 16,767 SF Office Space In Hamilton With Fennelly Associates Representation
1670 Whitehorse Hamilton Square Road & 3840 Quakerbridge Road
Building Size
16,767 SF
Asset Type
Office
Closing
Jun 23, 2023
AI
The Catholic Charities, Diocese of Trenton has secured two office leases totaling 16,767 square feet in Hamilton, strengthening its presence and ability to provide essential services to the community. The leased properties are located at 1670 Whitehorse Hamilton Square Road and 3840 Quakerbridge Road.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not Applicable
- Market: Hamilton
- Square Footage: 16,767
- Tenant: Catholic Charities, Diocese of Trenton
- Brokers: Jerry Fennelly & Patrick Dintrone - Fennelly Associates
Through the expertise of Jerry Fennelly and Patrick Dintrone from Fennelly Associates, Catholic Charities, Diocese of Trenton has successfully consolidated its office spaces in Hamilton, allowing for more streamlined operations and better service delivery.
Players
New Jersey 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