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
Wayne Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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