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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 106 Harbor Drive
- Market: Jersey City
- Landlord: CenterPoint
- Tenant: United Refrigeration, Inc.
- Brokers: Russell Verducci, Eric Demmers & Colin Goldstein - NAI James E. Hanson
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
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