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290 West Mount Pleasant Avenue

McGivney Kluger Clark & Intoccia, P.C. Leases 13,558 Sq. Ft. Office In Livingston, NJ
LEASEDOffice

McGivney Kluger Clark & Intoccia, P.C. Leases 13,558 Sq. Ft. Office In Livingston, NJ

290 West Mount Pleasant Avenue

Building Size

13,558 SF

Asset Type

Office

Closing

Dec 10, 2024

AI

The Eisenhower is a Class A office complex located at 290 West Mount Pleasant Avenue in Livingston, NJ. The asset encompasses a total of 13,558 square feet and is managed by Eastman Companies, owned by Peter E. Schofel and Michael C. Schofel.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 290 West Mount Pleasant Avenue
  • Square Footage: 13,558
  • Market: Livingston
  • Landlord: Peter E. Schofel & Michael C. Schofel - Eastman Companies
  • Tenant: Charles McGivney - McGivney Kluger Clark & Intoccia, P.C.
  • Landlord's Representative: Daniel N. Casey, Erin Wenzler & Jonathan Meisel - CBRE
  • Tenant's Representative: Fred Hyatt & Ignatius Armenia - JLL

McGivney Kluger Clark & Intoccia, P.C. has secured a lease for the office space, facilitated by the representation of CBRE for the landlord and JLL for the tenant. The transaction reflects a collaborative effort between the leasing representatives to finalize the agreement within the competitive office market of Livingston.

Players

Daniel N. Casey

CBRE

Broker

6 deals

Broker

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