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290 West Mount Pleasant Avenue

Updated Dec 11, 2024

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

About this deal

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

7 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

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