Gordon Rees Scully Mansukhani Signs 11500 Sq Ft Office Lease At The Eisenhower In Livingston
290 West Mount Pleasant Avenue
Building Size
11,500 SF
Asset Type
Office
Closing
Oct 21, 2024
AI
The property involved in this transaction is a Class A office space located at 290 West Mount Pleasant Avenue in Livingston. The lease encompasses an area of 11,500 square feet, contributing to the reputation of The Eisenhower as a notable office complex within the Northern New Jersey market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 290 West Mount Pleasant Avenue
- Market: Livingston
- Asset Size: 11,500 sq. ft.
- Landlord: Eastman Companies
- Tenant: Gordon Rees Scully Mansukhani
- Landlord's Representative: Daniel N. Casey, Erin Wenzler & Jonathan Meisel - CBRE
- Tenant's Representative: Bill Montana - Savills
The tenant, Gordon Rees Scully Mansukhani, has chosen the location for its strong ownership and efficient layouts. They were represented in the lease transaction by Bill Montana from Savills while Eastman Companies was represented by Daniel N. Casey, Erin Wenzler, and Jonathan Meisel from CBRE.
Players
Livingston 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