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
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