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
Jericho Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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