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1400 East State Street

Jack Khords Leases 44,000 SF Industrial Property To Carol Tome Of UPS In Trenton
LEASEDIndustrial

Jack Khords Leases 44,000 SF Industrial Property To Carol Tome Of UPS In Trenton

1400 East State Street

$3

$3/SF

Building Size

44,000 SF

Asset Type

Industrial

Closing

Oct 15, 2025

AI

The property asset involved in this transaction is an industrial space located at 1400 East State Street in Trenton. The asset encompasses a total square footage of 44,000 and is under a ground lease arrangement. The asking rent for this property is set at $3 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3/ft
  • Address: 1400 East State Street
  • Market: Trenton
  • Lease Type: Ground Lease
  • Landlord: Jack Khords
  • Tenant: Carol Tome - UPS
  • Broker: Jack Sardar - Tri State Commercial Realty

Key individuals involved in this deal include the landlord, Jack Khords, who owns the property, and tenant Carol Tome, representing UPS, who will occupy the space. The transaction was facilitated by broker Jack Sardar from Tri State Commercial Realty, representing the landlord in this lease agreement.

Players

Jack Sardar

Tri State Commercial Realty

Broker

$57.5M

vol

22 deals

Broker
Tri State Commercial Realty
Tri State Commercial RealtyBrokerage

Trenton 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

5287666.67%

Cash-on-Cash

-1511231.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93