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777 Terrace Ave, Hasbrouck ...

Wind Turbine & Energy Cables Leases 17200 Square Feet At 777 Terrace Ave Hasbrouck Heights
LEASED

Wind Turbine & Energy Cables Leases 17200 Square Feet At 777 Terrace Ave Hasbrouck Heights

777 Terrace Ave, Hasbrouck Heights...

Building Size

17,200 SF

Asset Type

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 777 Terrace Ave, Hasbrouck Heights, with a total area of 17,200 square feet. The market for this location is Hasbrouck Heights, and it is being leased by Wind Turbine & Energy Cables from the landlord Alfred Sanzari Enterprises.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 777 Terrace Ave, Hasbrouck Heights
  • Square Feet: 17,200
  • Tenant: Wind Turbine & Energy Cables
  • Landlord: Alfred Sanzari Enterprises
  • Tenant's Representative: Joe Tormen-Lee & Associates

This lease transaction involves key representatives from both sides, with Joe Tormen-Lee & Associates acting as the tenant's representative. The landlord, Alfred Sanzari Enterprises, is responsible for the property lease, facilitating this transaction in Hasbrouck Heights.

Players

Joe Tormen

Lee & Associates

Broker

3 deals

Broker
Alfred Sanzari Enterprises
Alfred Sanzari EnterprisesBrokerage
Alfred Sanzari

Alfred Sanzari

Alfred Sanzari Enterprises

Landlord

$12.2M

vol

19 deals

Landlord

Hasbrouck Heights 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