Updated Dec 11, 2024
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
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