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300 Jericho Quadrangle

Esquire Financial Holdings Signs 12-Year Lease For 50000 Square Feet At 300 Jericho Quadrangle
LEASEDOffice

Esquire Financial Holdings Signs 12-Year Lease For 50000 Square Feet At 300 Jericho Quadrangle

300 Jericho Quadrangle

Building Size

50,000 SF

Asset Type

Office

Closing

Aug 11, 2025

AI

The property asset involved in this transaction is located at 300 Jericho Quadrangle in Jericho, New York. It is classified as an office space with a total area of 50,000 square feet, leased by Esquire Financial Holdings.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 300 Jericho Quadrangle
  • Market: Jericho
  • Square Footage: 50,000
  • Landlord: TPG
  • Tenant: Esquire Financial Holdings
  • Broker: Sabre Real Estate Group
  • Lease Term: 12 years

Esquire Financial Holdings is set to double its office space with this new lease and plans to move in by late 2026. The transaction was facilitated by Sabre Real Estate Group, representing the interests of the parties involved in the lease agreement.

Players

Sabre Real Estate Group
Sabre Real Estate GroupBrokerage

Jericho 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