Updated Oct 29, 2024
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
About this deal
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.
On the Map
Office
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Players
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