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245 W Main St Chester, NJ 0...

Dynamic Engineering Consultants P.C. Expands Lease At Williamson Building In Chester - Larken Associates, Raider Realty
LEASEDOffice

Dynamic Engineering Consultants P.C. Expands Lease At Williamson Building In Chester - Larken Associates, Raider Realty

245 W Main St Chester, NJ 07930, USA

$25

$25/SF

Building Size

15,486 SF

Asset Type

Office

Closing

May 23, 2023

AI

Larken Associates has facilitated a lease expansion of 15,486 square feet for Dynamic Engineering Consultants at the Williamson Building in Chester. The office space, located at 245 Main Street, was leased at an asking rent of $25 per square foot. This lease expansion demonstrates Dynamic Engineering's growth and commitment to the building, as it marks their third expansion since becoming a tenant in 2006.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 245 Main Street
  • Market: Chester

The landlord, Larken Associates, represented by Rob Marek from Raider Realty, facilitated the lease expansion for Dynamic Engineering Consultants. The tenant, Dynamic Engineering Consultants, was represented by Joseph Jaworski. This lease expansion showcases the strong partnership between the landlord and the tenant, as well as the continued growth and success of Dynamic Engineering Consultants in the Chester market.

Players

Rob Marek

Raider Realty

Broker

3 deals

Broker
LA
Larken AssociatesLandlord

Chester 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

634520.00%

Cash-on-Cash

-181347.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93