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30 Galesi Drive

Center For Evaluation And Counseling Inc. Leases 5000 SF Office At 30 Galesi Drive In Wayne
LEASEDOffice

Center For Evaluation And Counseling Inc. Leases 5000 SF Office At 30 Galesi Drive In Wayne

30 Galesi Drive

Building Size

5,000 SF

Asset Type

Office

Closing

Jun 18, 2025

AI

The property asset involved in the transaction is an office space located at 30 Galesi Drive in Wayne, featuring a total square footage of 5,000. This lease signifies an important step in enhancing the presence of the tenant in the northern New Jersey market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not indicated
  • Address: 30 Galesi Drive
  • Market: Wayne
  • Tenant: Margaret Pittaluga - Center for Evaluation and Counseling, Inc.
  • Brokers: Darren Lizzack & Randy Horning - NAI James E. Hanson

The transaction was facilitated by NAI James E. Hanson’s Team Lizzack-Horning, which arranged the leasing agreement for the nonprofit mental health agency Center for Evaluation and Counseling. This deal showcases the ongoing demand in the suburban office space market, particularly among healthcare providers.

Players

Darren Lizzack

The Clinical Group

Broker

$63M

vol

18 deals

Broker

Wayne 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