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:
- Property Type: Office
- Transaction Amount: $40/ft
- Lease Term: 5 years
- Lease Type: Single Net Lease
- Landlord: Dr. Cesare Gaspari - FAMA Realty
- Tenant: Spiritual Chakra Therapy
- Brokers: Elizabeth Daoud & Christopher Conway - Atlantic Coastal Real Estate
- Market: Secaucus
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
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