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69 Armour Place

NaNa Collections Leases 4,000 SF Industrial Space In Dumont's Armour Place With Rep Jessica Curry - NAI James E. Hanson
LEASEDIndustrial

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

8,000 SF

Asset Type

Industrial

Closing

Jan 19, 2024

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.

Players

Jessica Curry

NAI James E. Hanson

Broker

$27.4M

vol

6 deals

Broker

Bergenfield 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