Updated Oct 29, 2024
FJD Trucking Inc. Leases 15,600-Square-Foot Property From BRD Corp. Hackensack
110 King St, Hackensack, NJ, 07601
Building Size
15,600 SF
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
Located at 110 King St in Hackensack, NJ, 07601, the property consists of 15,600 square feet of space. The lease transaction involved FJD Trucking Inc. as the tenant and BRD Corp as the landlord in the Hackensack market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not provided
- Tenant: FJD Trucking Inc.
- Landlord: BRD Corp.
- Square Feet: 15,600
- Market: Hackensack
- Landlord's Rep: Stephen M. Ulin (Team Resources)
Stephen M. Ulin Sr., representing both parties in the deal, facilitated the lease agreement between FJD Trucking Inc. and BRD Corp at 110 King St. This transaction involved a logistics provider for the home furnishings industry.
Players
Hackensack CRE Market Snapshot
Boundary boundary · CRE · 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