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345 Eisenhower Pkwy, Living...

Joshua Levering Of NAI Capital Renews The Durkin Firm's Office Lease In Livingston
LEASEDOffice

Joshua Levering Of NAI Capital Renews The Durkin Firm's Office Lease In Livingston

345 Eisenhower Pkwy, Livingston, NJ...

Building Size

1,880 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

The Durkin Firm, a legal practice, has renewed its lease for a 1,880-square-foot office space at 345 Eisenhower Parkway in Livingston, New Jersey. The office building, owned by Eastman Management, spans 157,500 square feet and features amenities such as a café, fitness center, lounge, and conference facility.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Market: Livingston
  • Broker: W. Joshua (Josh) Levering (NAI Capital)
  • Landlord: Eastman Management
  • Square Feet: 1880

Joshua Levering of NAI James Hanson represented The Durkin Firm in the lease negotiations at the office building in Livingston. Eastman Management serves as the landlord in this transaction.

Players

W. Joshua Levering

NAI Global

Broker

7 deals

Broker

Livingston 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