facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Industrial

/

Lease

/

1000 South 2nd Street

Joseph Halberstam Leases 75,000 SF Industrial Space To Harborlite In Plainfield For $8/ft
LEASEDIndustrial

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:

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

Jeff Geoghegan

Kassin Sabbagh Realty

Broker

27 deals

Broker

Plainfield Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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