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200 Schultz Drive

CBRE Represents Sycamore Medical Managament In Lease Deal At 200 Schulz Dr In Red Bank
LEASEDOffice

CBRE Represents Sycamore Medical Managament In Lease Deal At 200 Schulz Dr In Red Bank

200 Schultz Drive

$32

$32/SF

Building Size

25,000 SF

Asset Type

Office

Closing

Jul 20, 2022

AI

The leased property at 200 Schulz Dr in Red Bank has been the subject of a recent transaction. This office space, spanning 25,000 square feet, was leased by Sycamore Medical Management. The property is owned by FM Red Owner LLC. The asking rent for the space was $32 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Date: 07/20/2022
  • Address: 200 Schulz Dr
  • Market: Red Bank

Representing the landlord in the transaction were Wesley Moore and Joseph A Sarno of CBRE. Meanwhile, CBRE's Suzanne Macnow, Alexandra Anagnostou, and Justin Ridolfo acted as representatives for the tenant, Sycamore Medical Management.

Players

Wesley Moore

CBRE

Broker

$650.2K

vol

3 deals

Broker
FL
FM Red Owner LLCLandlord

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

495718.75%

Cash-on-Cash

-141677.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93