Updated Oct 9, 2026
Sol Werdiger Of Outerstuff Signs 10-Year Lease Renewal For 15,000 SF Office In Clark NJ
60 Walnut Avenue
Building Size
15,000 SF
Asset Type
Office
Closing
Oct 8, 2026
About this deal
AI
The asset involved in this transaction is an office space with a total area of 15,000 square feet located at 60 Walnut Avenue in Clark, NJ. The property is situated in a market that features an office building totaling 48,000 square feet, which is now nearly fully leased.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Terms: 10-year lease renewal
- Tenant: Sol Werdiger - Outerstuff
- Broker: David Zimmel - Zimmel Associates
David Zimmel from Zimmel Associates played a crucial role in arranging the lease renewal deal, which allows Outerstuff to continue its operations in the space they have occupied for over a decade.
On the Map
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Clark Office Market Snapshot
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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