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1001 S Grand St, Hammonton,...

1001 Grant LLC Signs Lease For 5000 Square Feet At 1001 S Grand St In Hammonton New Jersey
LEASEDIndustrial

1001 Grant LLC Signs Lease For 5000 Square Feet At 1001 S Grand St In Hammonton New Jersey

1001 S Grand St, Hammonton, NJ, 080...

Building Size

5,000 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

The property involved in this transaction is an industrial lease located at 1001 S Grand St, Hammonton, NJ, encompassing 5,000 square feet within a larger 105,000-square-foot industrial facility. The property provides access to major transportation routes, including the Atlantic City Expressway and State Route 30.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 1001 S Grand St, Hammonton, NJ
  • Market: Hammonton
  • Square Feet: 5,000
  • Tenant's Representative: Ken Richardson
  • Landlord: 1001 Grant LLC
  • Landlord's Representative: Ben Grubner

In this lease agreement, TriWire Engineering Solutions Inc. was represented by Ken Richardson and Nick Liggio from Vantage Real Estate Services during the negotiations, while the landlord, 1001 Grant LLC, was represented internally by Ben Grubner.

Players

Ken Richardson

Broker

$425K

vol

3 deals

Broker

Hammonton 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93