Towne Nursing Staff, Inc Leases Office Space In Howell, NJ From Township Of Howell For $18/ft
4567 Route 9, Howell Township, NJ, USA
Building Size
14,235 SF
Asset Type
Office
Closing
Jul 1, 2020
AI
The office building located at 4567 Route 9 North in Howell was recently leased. The property, spanning 14,235 square feet, was leased by Towne Nursing Staff, Inc. The landlord for this transaction was the Township of Howell. The deal was facilitated by brokers Jarrad Coletta and Jon Coletta. The asking rent for the space was $18 per square foot.
Summary of transation details
- Property Type: Office
- Transaction Amount: Lease
- Date: 07/01/2021
- Address: 4567 Route 9 North, Howell
- Tenant: Towne Nursing Staff, Inc
- Landlord: Township of Howell
- Brokers: Jarrad Coletta & Jon Coletta
- Asking Rent: $18/ft.
This lease deal demonstrates the demand for office space in Howell. Towne Nursing Staff, Inc saw the potential in this property and decided to lease it from the Township of Howell. The successful negotiation and agreement were facilitated by brokers Jarrad Coletta and Jon Coletta.
Players
Howell 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