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
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