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500 West Main Street, Wycko...

Daklapack Leases 12,000 SF Industrial Space In Wyckoff From The Stro Companies
LEASEDIndustrial

Daklapack Leases 12,000 SF Industrial Space In Wyckoff From The Stro Companies

500 West Main Street, Wyckoff, NJ, USA

Building Size

12,000 SF

Asset Type

Industrial

Closing

Jan 12, 2021

AI

The industrial property located at 500 W Main Street in Wyckoff, New Jersey has recently been leased. The tenant, Daklapack, has signed a lease agreement with the landlord, The Stro Companies. The lease transaction was facilitated by Jack Shulman, who represents The Stro Companies as their Director of Leasing, Acquisitions, & Capital Markets.

Summary of transaction details:

The Stro Companies, the landlord in this transaction, is actively seeking to acquire industrial warehouses in New Jersey. For property submissions or inquiries, please contact Jack Shulman, the Director of Leasing, Acquisitions, & Capital Markets at The Stro Companies. He can be reached at (551)276-5062 or via email at [email protected].

Players

Jack Shulman

The Stro Companies

Broker

$199.2M

vol

12 deals

Broker
The Stro Companies
The Stro CompaniesLandlord

Wyckoff Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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