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:
- Property Type: Industrial
- Date: 01/13/2021
- Address: 500 W Main Street, Wyckoff, New Jersey
- Market: Wyckoff
- Tenant: Daklapack
- Landlord: The Stro Companies
- Landlord's Representative: Jack Shulman - The Stro Companies
- Asking Rent: $12.75/ft. (12,000 sq. ft.)
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
Wyckoff 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