facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Office

/

Lease

/

60 Columbia Rd, Morristown,...

Lincoln Equities Group Leases 27000 Square Feet At 60 Columbia Rd Morristown To Tenant Represented By James Fraser
LEASEDOffice

Lincoln Equities Group Leases 27000 Square Feet At 60 Columbia Rd Morristown To Tenant Represented By James Fraser

60 Columbia Rd, Morristown, NJ, 07960

Building Size

27,000 SF

Asset Type

Office

Closing

Aug 2, 2019

AI

The property involved in this transaction is located at 60 Columbia Rd, Morristown, NJ, 07960. It is part of the Morristown market and encompasses a total area of 27,000 square feet. The landlord for this lease is Lincoln Equities Group.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 60 Columbia Rd, Morristown, NJ, 07960
  • Market: Morristown
  • Square Feet: 27,000
  • Tenant's Representative: James Fraser - DP Real Estate Services
  • Landlord: Lincoln Equities Group

This transaction is part of a series of five leases signed by Lincoln Equities Group across three office complexes in Morristown. Collectively, these leases amount to around 100,000 square feet. The new leases follow a multimillion-dollar improvement project aimed at enhancing these suburban office parks for a younger demographic.

Players

Thomas Reilly

JLL

Broker

2 deals

Broker
LG
Lincoln Equities GroupLandlord

Morristown Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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