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343 Murray Hill Pkwy, East ...

Beavex Corp Leases 24488 Square Feet At 343 Murray Hill Parkway In East Rutherford
LEASEDOffice

Beavex Corp Leases 24488 Square Feet At 343 Murray Hill Parkway In East Rutherford

343 Murray Hill Pkwy, East Rutherford...

Building Size

24,488 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property involved in the transaction is located at 343 Murray Hill Pkwy, East Rutherford. It encompasses a total square footage of 24,488. The market for this property is East Rutherford.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Tenant: Beavex Corp.
  • Landlord: 343 Murray Hill Parkway, Inc.
  • Tenant's Representative: Luke Denny & Jackson Hill - Fischer & Co.

Key individuals involved in this deal include the tenant, Beavex Corp., who has secured the lease. The landlord, 343 Murray Hill Parkway, Inc., is the entity granting the lease for the property. The representation for the tenant was handled by brokers Luke Denny and Jackson Hill from Fischer & Co.

Players

Jackson Hill

Broker

1 deal

Broker
MI
Murray Hill Parkway, Inc.Landlord

East Rutherford 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