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
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