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90 Matawan Road, Matawan, N...

CBRE Represents Tenant In Lease Of Office Space In Matawan, NJ
LEASEDOffice

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

Suzanne Macnow

CBRE

Broker

6 deals

Broker

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