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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 23 Vreeland Rd, Florham Park, NJ
- Square Feet: 1,600
- Landlord's Representatives: Daniel Cubicciotti III - Terrie O'Connor Realtors, Erin Wenzler - CBRE
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
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