HD Supply Leases 195,723 SF Industrial Space At Harborview Logistics Center, Bayonne
71 New Hook Rd, Bayonne, NJ, 07002
Building Size
195,723 SF
Asset Type
—
Closing
Nov 22, 2023
AI
The industrial lease negotiated by JLL at Harborview Logistics Center in Bayonne, NJ, spans 195,723 square feet. The property boasts a clear height of 40 feet, 46 dock doors, and parking for 149 cars and 32 trailers. The new tenant, HD Supply, affiliated with The Home Depot, will be relocating from Secaucus to this location, signifying an expansion for the company.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 71 New Hook Rd, Bayonne, NJ, 07002
- Market: Bayonne
- Tenant's Rep: Noah Balanoff (Colliers International)
- Tenant: HD Supply
- Landlord: Delta Equity Management
- Square Feet: 195,723
The deal was facilitated by Joel Lubin and Gary Politi of JLL on behalf of the landlord, Delta Equity Management, while Noah Balanoff of Colliers represented the tenant, HD Supply.
Players
Bayonne 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