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
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:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Regus
- Landlord: 200 Broadhollow Road LLC
- Square Feet: 20,200
- Tenant's Rep: Richard Freel(CBRE), Vincent LaManna(CBRE)
- Landlord's Rep: Ray Finkelstein(United Realty)
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.
Players
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