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106 Harbor Drive

United Refrigeration Inc. Leases 10,400 Sq Ft Industrial Space At 106 Harbor Drive In Jersey City
LEASEDIndustrial

United Refrigeration Inc. Leases 10,400 Sq Ft Industrial Space At 106 Harbor Drive In Jersey City

106 Harbor Drive

Building Size

10,400 SF

Asset Type

Industrial

Closing

Feb 6, 2026

AI

The leased property is located at 106 Harbor Drive, Jersey City, comprising an industrial asset with a total square footage of 10,400. This property is part of a larger 64,036-square-foot industrial building, situated in a market known for its logistical advantages due to proximity to ports, highways, and major transportation hubs.

Summary of transaction details:

Russell Verducci, Eric Demmers, and Colin Goldstein from NAI James E. Hanson represented the landlord, CenterPoint, in the transaction. This lease supports United Refrigeration, Inc.'s expanding HVAC/R distribution operations, demonstrating the strategic importance of the location secured through this agreement.

Players

Russell Verducci

NAI James E. Hanson

Broker

$58.5M

vol

9 deals

Broker
C
CenterpointLandlord

Jersey City 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