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
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