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3 Sylvan Way, Parsippany-Tr...

Mack-Cali Realty Corp Leases 65000 Square Feet At 3 Sylvan Way In Parsippany
LEASEDOffice

Mack-Cali Realty Corp Leases 65000 Square Feet At 3 Sylvan Way In Parsippany

3 Sylvan Way, Parsippany-Troy Hills, N...

Building Size

65,000 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this lease transaction is located at 3 Sylvan Way, Parsippany-Troy Hills, New Jersey. It has a total area of 65,000 square feet and is situated in the Parsippany market. The landlord for this transaction is Mack-Cali Realty Corp.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 3 Sylvan Way, Parsippany-Troy Hills, NJ
  • Market: Parsippany
  • Square Feet: 65,000
  • Landlord's Rep: Chris Conklin, David Stifelman - JLL
  • Landlord: Mack-Cali Realty Corp

This transaction involves representation from Chris Conklin and David Stifelman of JLL acting on behalf of Mack-Cali Realty Corp as the landlord's representatives in this lease agreement.

Players

Chris Conklin

Broker

$1.1B

vol

9 deals

Broker
Mack-Cali Realty Corp
Mack-Cali Realty CorpBrokerage
Mack-Cali Realty Corp
Mack-Cali Realty CorpLandlord

Parsippany 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