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175 Louis Street

Urban Umbrella Leases Industrial Space At 175 Louis Street South Hackensack With Tenant's Rep Compass
LEASEDIndustrial

Urban Umbrella Leases Industrial Space At 175 Louis Street South Hackensack With Tenant's Rep Compass

175 Louis Street

$18

$18/SF

Building Size

25,750 SF

Asset Type

Industrial

Closing

Aug 31, 2025

AI

The property asset involved in this transaction is an industrial space located at 175 Louis Street, South Hackensack, NJ, 07606. The asking rent for the space is $18 per square foot, with a total square footage of 25,750. The property is situated in the Northern New Jersey - Bergen County market and is leased under a NNN Lease agreement.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $18/ft
  • Square Footage: 25,750
  • Address: 175 Louis Street, South Hackensack, NJ, 07606
  • Market: Northern New Jersey - Bergen County
  • Tenant: James Arnason - Urban Umbrella
  • Landlord's Representative: Eric Lewins - Team Resources
  • Tenant's Representatives: Adelaide Polsinelli & Lauren Curcio - Compass
  • Lease Type: NNN Lease

This deal features James Arnason representing the tenant, Urban Umbrella, while Eric Lewins represents the landlord through Team Resources. The tenant's interests are represented by Adelaide Polsinelli and Lauren Curcio from Compass, indicating a collaborative effort among the involved parties to finalize the lease agreement.

Players

Adelaide Polsinelli

Compass

Broker

$285M

vol

26 deals

Broker

South Hackensack 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

881277.78%

Cash-on-Cash

-251871.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93