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
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