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23 Vreeland Rd, Florham Par...

Eastman Cos Leases 1600 Square Feet At 23 Vreeland Rd Florham Park With Landlord's Reps
LEASEDOffice

Eastman Cos Leases 1600 Square Feet At 23 Vreeland Rd Florham Park With Landlord's Reps

23 Vreeland Rd, Florham Park, NJ, 079...

Building Size

1,600 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 23 Vreeland Rd, Florham Park, NJ, and comprises a total of 1,600 square feet. The market for this asset is Florham Park. The landlord for this property is Eastman Cos.

Summary of transaction details:

In this lease transaction, international export company Hockman-Lewis signed a lease for a total of 4,600 square feet, while Bakos & Kritzer committed to the 1,600-square-foot space. CBRE, represented by Jonathan Meisel, Dan Casey, and Erin Wenzler, acted on behalf of the landlord, Eastman Cos. Hockman-Lewis was represented by Dylan Tusinac and David DeMatteis of Cushman & Wakefield, whereas Bakos & Kritzer was self-represented.

Players

Daniel Cubicciotti III

Terrie O'Connor Realtors

Broker

$2.1M

vol

3 deals

Broker
EC
Eastman CosLandlord

Florham Park 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