Rubinstein Plastic Surgery Center Leases 3,400 SF Office Space At 160 Summit Avenue In Montvale
160 Summit Avenue
$25
$25/SF
Building Size
3,400 SF
Asset Type
Office
Closing
May 2, 2023
AI
Rubinstein Plastic Surgery Center has signed a long-term lease for 3,400 square feet at 160 Summit Ave., a 32,000-square-foot office building in Montvale, New Jersey. The building is currently undergoing renovations, including upgrades to the common areas, ADA accessibility improvements, and enhanced signage. The space will be joining recent tenants Refuah Health Center and Empowered Pelvic Health. The lease was facilitated by JLL's Frank D. Recine, who serves as the exclusive leasing agent for the property.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Asking Rent: $25/ft.
- Square Footage: 3,400
- Address: 160 Summit Avenue
- Market: Montvale
Frank D. Recine, representing JLL, played a pivotal role in facilitating the lease agreement between Rubinstein Plastic Surgery Center and Montvale Real Estate Ventures, LLC, the owner of the office building.
Players
Thunder Bay 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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93