Joseph Halberstam Leases 75,000 SF Industrial Space To Harborlite In Plainfield For $8/ft
1000 South 2nd Street
$10
$10/SF
Building Size
75,000 SF
Asset Type
Industrial
Closing
May 1, 2025
AI
The property involved in this transaction is located at 1000 South 2nd Street, Plainfield and is categorized as an industrial asset. The lease type is a NNN Lease, with a square footage of 75,000 square feet and an asking rent of $8 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $600,000
- Address: 1000 South 2nd Street
- Market: Plainfield
- Landlord: Joseph Halberstam
- Tenant: Harborlite
- Brokers: Jack Zalta, Emil Shabot, Jeff Geoghegan & Yanke Chaimowitz - Kassin Sabbagh Realty
The individuals involved in this lease transaction include landlord Joseph Halberstam and tenant Harborlite. The deal was facilitated by a team of brokers from Kassin Sabbagh Realty, comprising Jack Zalta, Emil Shabot, Jeff Geoghegan, and Yanke Chaimowitz.
Players
Plainfield Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1586300.00%
Cash-on-Cash
-453369.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93