Updated Dec 4, 2024
NaNa Collections Leases 4,000 SF Industrial Space In Dumont's Armour Place With Rep Jessica Curry - NAI James E. Hanson
69 Armour Place & 75 Armour Place
Building Size
4,000 SF
Asset Type
Industrial
Closing
Jan 19, 2024
About this deal
AI
NaNa Collections LLC has leased 4,000 sq ft of industrial space at 69-75 Armour Place in Dumont, Bergen County. The property, owned by KY & JE LLC, is now fully occupied for storage and distribution operations. The deal marks a relocation for NaNa Collections LLC, who previously operated out of Pompton Lakes.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 4,000
- Address: 69-75 Armour Place, Dumont, Bergen County
- Market: Dumont
Jessica Curry of NAI James E. Hanson represented both the landlord, KY & JE LLC, and the tenant, NaNa Collections LLC. Her role as a broker ensured the successful completion of the deal, bringing the building to full occupancy.
On the Map
Industrial
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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