CBRE Represents Tenant In Lease Of Office Space In Matawan, NJ
90 Matawan Road, Matawan, New Jersey 07747, United States
$28
$28/SF
Building Size
61,863 SF
Asset Type
Office
Closing
Oct 28, 2022
AI
Located at 90 Matawan Rd in Matawan, NJ, this office space was recently leased in a closed transaction. The property spans an impressive 61,863 square feet, offering ample space for business operations. The lease was facilitated by Suzanne Macnow, Alexandra Anagnostou, and Justin Ridolfo from CBRE, who served as the tenant's representatives. On the landlord's side, Rick Heilmann from The Arlington Group acted as the landlord's representative.
Summary of transaction details
- Property Type: Office
- Asking Rent: $28 per square foot
This successful lease deal demonstrates the strong demand for office space in Matawan, NJ. The collaboration between CBRE and the landlord's representative, The Arlington Group, played a crucial role in securing this transaction. The detailed expertise of Suzanne Macnow, Alexandra Anagnostou, and Justin Ridolfo from CBRE helped in negotiating favorable lease terms for the tenant.
Players
Matawan 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
566535.71%
Cash-on-Cash
-161917.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93