Ascensia Diabetes Care US, Inc. And Groupe SEB USA Lease 43,073 SF At 300 Kimball Drive
300 Kimball Drive
Building Size
77,719 SF
Asset Type
Office
Closing
Aug 13, 2026
AI
300 Kimball Drive is a Class A office property located in Parsippany, NJ, consisting of 77,719 square feet of office space. This asset is positioned in a market that attracts notable tenants seeking quality office environments.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Abe Brach - Signature Acquisitions
- Tenant: Ascensia Diabetes Care US, Inc
- Tenant: One Point Wealth Partners
- Tenant: Groupe SEB, USA
- Leased Area by Ascensia Diabetes Care: 13,171 SF
- Leased Area by Groupe SEB USA: 29,902 SF
- Expanded Area by One Point Wealth Partners: 7,964 SF
JLL facilitated leasing transactions totaling 77,719 square feet across three deals at 300 Kimball Drive. Ascensia Diabetes Care and Groupe SEB will be moving from 5 Wood Hollow Road, while One Point Wealth Partners increased its space to 34,646 square feet following its rebranding in 2025.
Players
Kimball 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