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200 Broadhollow Rd, Melvill...

Updated Oct 29, 2024

Regus Renews And Expands Lease At 200 Broadhollow Rd, Melville For 20,200 SF
LEASEDOffice

Regus Renews And Expands Lease At 200 Broadhollow Rd, Melville For 20,200 SF

200 Broadhollow Rd, Melville, NY, 117...

Building Size

20,200 SF

Asset Type

Office

Closing

Nov 22, 2023

About this deal

AI

The property located at 200 Broadhollow Rd in Melville, NY, with a total square footage of 20,200, was subject to a lease transaction involving the tenant Regus and the landlord 200 Broadhollow Road LLC. The asset type of this property is office, situated in the Melville market. The tenant, Regus, renewed and expanded its lease, now occupying 20,200 square feet at the location.

Summary of transaction details:

The tenant's representatives in this deal were Richard Freel and Vincent LaManna from CBRE. On the landlord's side, Ray Finkelstein from United Realty was the representative for 200 Broadhollow Road LLC. The lease transaction at 200 Broadhollow Rd demonstrates the active role played by these individuals and firms in facilitating the agreement.

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Players

Ray Finkelstein

United Realty

Broker

$16M

vol

2 deals

Broker
R
RegusTenant
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Melville 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

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