facebook

traded

+ Submit
Home

/

Deals

/

Tennessee

/

Office

/

Lease

/

350 Mount Kemble Ave, Morri...

NFP Leases 16970 Square Feet At 350 Mount Kemble Ave From Vision Properties With Representatives From CBRE
LEASEDOffice

NFP Leases 16970 Square Feet At 350 Mount Kemble Ave From Vision Properties With Representatives From CBRE

350 Mount Kemble Ave, Morristown, N...

Building Size

16,970 SF

Asset Type

Office

Closing

Nov 8, 2019

AI

The property involved in the lease transaction is located at 350 Mount Kemble Ave, Morristown, with a total area of 16,970 square feet. It is situated within the Mount Kemble Corporate Center, a Class A office complex approximately 30 miles west of New York City. The complex offers amenities such as a cafeteria, fitness center, walking path, and conference center.

Summary of transaction details:

The transaction involved representatives from CBRE, where Jeffrey Babikian and Conor Dolan represented NFP in the lease negotiations. The landlord, Vision Properties, was represented by Daniel Cubicciotti III from Terrie O'Connor Realtors and Gregory Barkan from CBRE, highlighting involvement from both agencies in brokering the deal.

Players

Conor Dolan

CBRE

Broker

5 deals

Broker
VP
Vision PropertiesLandlord

Morristown 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