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400 Huyler St, South Hacken...

Goodwill Industries Leases 125500 Square Feet At 400 Huyler St South Hackensack From Forsgate Industrial Partners
LEASEDIndustrial

Goodwill Industries Leases 125500 Square Feet At 400 Huyler St South Hackensack From Forsgate Industrial Partners

400 Huyler St, South Hackensack, NJ...

Building Size

125,500 SF

Asset Type

Industrial

Closing

Dec 4, 2019

AI

The property involved in this transaction is a newly constructed warehouse located at 400 Huyler St in South Hackensack, NJ. This industrial lease spans 125,500 square feet and features 40-foot ceiling heights, along with 12,000 square feet dedicated to office space. The lease is set within the South Hackensack market, which is situated in northern New Jersey.

Summary of transaction details:

  • Property Type: Industrial Lease
  • Transaction Amount: Not disclosed
  • Address: 400 Huyler St, South Hackensack, NJ
  • Market: South Hackensack
  • Landlord: Forsgate Industrial Partners
  • Tenant: Goodwill Industries
  • Landlord's Representative: Elizabeth Rouse (Cushman & Wakefield)
  • Brokers: Chuck Fern (Cushman & Wakefield), Jason Barton (Cushman & Wakefield)
  • Square Feet: 125,500

The deal involved a collaborative effort from several representatives at Cushman & Wakefield, including Chuck Fern, Jason Barton, and Elizabeth Rouse, who represented both Goodwill Industries in its site selection and the lease negotiations, as well as the landlord, Forsgate Industrial Partners. This leasing agreement signifies Goodwill Industries' commitment to expanding its operations in the region.

Players

Charles Fern

Cushman & Wakefield

Broker

$117.5M

vol

18 deals

Broker
Forsgate Industrial Partners
Forsgate Industrial PartnersBrokerage
Forsgate Industrial Partners
Forsgate Industrial PartnersLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93