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71 New Hook Rd, Bayonne, NJ...

HD Supply Leases 195,723 SF Industrial Space At Harborview Logistics Center, Bayonne
LEASED

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

Noah Balanoff

Colliers

Broker

3 deals

Broker
DM
Delta Equity ManagementLandlord
HS
HD SupplyTenant

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