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
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