Abra Health Secures Office Sublease At 300 Harmon Meadow Boulevard In Secaucus For 24908 SF
300 Harmon Meadow Boulevard
Building Size
24,908 SF
Asset Type
Office
Closing
Jul 11, 2024
AI
The asset involved in this transaction is an office space located at 300 Harmon Meadow Boulevard in Secaucus, comprising a total square footage of 24,908. This office space was previously occupied by the Vitamin Shoppe.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 300 Harmon Meadow Boulevard
- Market: Secaucus
- Square Footage: 24,908
- Tenant: Abra Health
- Brokers: Andrew Kirshenbaum & Jeff Kolodkin - Newmark
Abra Health has secured a sublease to consolidate its billing operations and establish a call center, facilitating their significant growth. Newmark's brokers, Jeff Kolodkin and Andrew Kirshenbaum, represented Abra Health in this strategic move, utilizing the property's location to support the company's expansion plans and talent acquisition efforts.
Players
Secaucus 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