facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Office

/

Lease

/

300 Harmon Meadow Boulevard

Abra Health Secures Office Sublease At 300 Harmon Meadow Boulevard In Secaucus For 24908 SF
LEASEDOffice

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:

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

Andrew Kirshenbaum

Newmark

Broker

4 deals

Broker

Secaucus 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