Lotte Wellfood Corporation Leases 4,000 SF Office Space At 65 Challenger Road, Ridgefield Park
65 Challenger Road
Building Size
4,000 SF
Asset Type
Office
Closing
Nov 10, 2023
AI
Lotte Wellfood Corporation, an international confectionery firm, has leased approximately 4,000 square feet of office space at 65 Challenger Road in Ridgefield Park, New Jersey. The Class A office property is located in Ridgefield Park, offering a prime location for the tenant's operations.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Square Footage: 4,000
- Address: 65 Challenger Road, Ridgefield Park, New Jersey
- Market: Ridgefield Park
The lease transaction was facilitated by Cushman & Wakefield, a leading commercial real estate services firm. James Yamauchi and Junji Miyake, representing Cushman & Wakefield, played a key role in arranging the lease on behalf of Lotte Wellfood Corporation.
As an international confectionery firm, Lotte Wellfood Corporation sought a suitable office space for their operations in Ridgefield Park, and the lease of 65 Challenger Road met their requirements. With the assistance of Cushman & Wakefield, Lotte Wellfood Corporation secured a Class A office property with on-site amenities to support their business activities.
Players
Ridgefield Park 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