Town & Country Living Leases 30,000 SF Office Space At Park View 208 In Glen Rock, NJ
208 Harristown Road Glen Rock, NJ 07452, USA
Building Size
30,000 SF
Asset Type
Office
Closing
Sep 13, 2023
AI
Town & Country Living, represented by Aaron Eisenberg, is moving to a 30,000-square-foot space at Park View 208, a newly renovated Class A office building in Glen Rock, Bergen County, New Jersey. The property, located at 208 Harristown Road, offers a prime location and various amenities. This long-term lease marks a trend of tenants seeking quality office spaces in renovated suburban New Jersey buildings.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Square Footage: 30,000
- Address: 208 Harristown Road, Glen Rock
- Market: Glen Rock
Aaron Eisenberg, representing Town & Country Living, secured the lease through the assistance of Frank Recine, Frank Coco, Alex Friedenberg, and Derek DeMartino of JLL. The team at JLL helped highlight the property's prime location and amenities, making it an attractive option for tenants in the suburban New Jersey market.
Players
Glen Rock 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