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935 River Road

OneMD LLC Leases 5,000 SF Medical Office Space In Edgewater, NJ
LEASEDMedical Office

OneMD LLC Leases 5,000 SF Medical Office Space In Edgewater, NJ

935 River Road

$34

$34/SF

Building Size

5,000 SF

Asset Type

Medical Office

Closing

Apr 28, 2023

AI

A lease has been brokered for 5,000 square feet of medical office space at 935 River Road in Edgewater, New Jersey, according to NAI James E. Hanson. The tenant, OneMD LLC, a primary care practice with offices in Bergen and Hudson counties, selected this property for its visibility, turnkey space, and location in a modern office building that also houses other healthcare tenants. The lease was facilitated by Darren Lizzack & Randy Horning of Lizzack-Horning - NAI James E. Hanson, representing the tenant, and the landlord, MMGK LLC.

Summary of transation details

  • Property Type: Medical Office
  • Transaction Date: 04/28/2023
  • Property Address: 935 River Road, Edgewater, New Jersey
  • Market: Edgewater
  • Asking Rent: $34/ft.
  • Square Footage: 5,000

NAI James E. Hanson's Team Lizzack-Horning represented OneMD LLC, a primary care practice, in brokering the lease. MMGK LLC acted as the landlord in this transaction. The decision to lease this space was motivated by the property's visibility, turnkey readiness, and its location within a modern office building that houses other healthcare tenants.

Players

Darren Lizzack

The Clinical Group

Broker

$63M

vol

18 deals

Broker

Ferney Medical Office Market Snapshot

Boundary boundary · Medical Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

466558.82%

Cash-on-Cash

-133343.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93