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255 New Jersey Highway 3

Dr. Cesare Gaspari Of FAMA Realty Leases Office Space To Spiritual Chakra Therapy In Secaucus
LEASEDOffice

Dr. Cesare Gaspari Of FAMA Realty Leases Office Space To Spiritual Chakra Therapy In Secaucus

255 New Jersey Highway 3

$40

$40/SF

Building Size

1,962 SF

Asset Type

Office

Closing

Mar 10, 2025

AI

The property involved in this lease transaction is an office asset located at 255 New Jersey Highway 3 in Secaucus. The total square footage of the property is 1,962, and it has an asking rent of $40 per square foot. The lease agreement is structured as a Single Net Lease with a term of 5 years.

Summary of transaction details:

The deal was facilitated by brokers Elizabeth Daoud and Christopher Conway from Atlantic Coastal Real Estate, who represented the landlord and tenant in this transaction. Their involvement highlights the partnership between FAMA Realty and Spiritual Chakra Therapy in securing this office leasing agreement.

Players

Christopher Conway

Atlantic Coastal Real Estate

Broker

$12.1M

vol

40 deals

Broker

Secaucus 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

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93