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7 Giralda Farms

Kelley Drye & Warren LLP Leases 17260 SF Office Space At Giralda Farms In Madison NJ
LEASEDOffice

Kelley Drye & Warren LLP Leases 17260 SF Office Space At Giralda Farms In Madison NJ

7 Giralda Farms

Building Size

17,260 SF

Asset Type

Office

Closing

Feb 25, 2025

AI

The property asset involved in this transaction is an office space located at 7 Giralda Farms in Madison, NJ, with a total area of 17,260 square feet. The transaction is categorized as a lease.

Summary of transaction details:

This lease transaction involved Kelley Drye & Warren LLP relocating from Parsippany to the new office space. The negotiation for the lease was facilitated by Cushman & Wakefield representing the landlord, while CBRE acted on behalf of the tenant.

Players

Gregory Barkan

CBRE

Broker

7 deals

Broker
BG
Bergman Real Estate GroupLandlord

Madison 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