HD Supply Leases Industrial Property In Bayonne, NJ With Landlord's Rep Joel Lubin & Gary Politi
71 New Hook Access Road, Bayonne, New Jersey 07002, United States
Building Size
195,723 SF
Asset Type
Industrial
Closing
Dec 21, 2022
AI
The industrial property located at 71 New Hook Access Rd in Bayonne has been leased. The property spans a total area of 195,723 square feet, making it a significant asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 12/21/2022
- Address: 71 New Hook Access Rd
- Market: Bayonne
- Square Footage: 195,723
The landlord for this lease is Delta Equity Management, represented by Vincent DiDomenico. The tenant, HD Supply, has secured the lease for the property. Joel Lubin and Gary Politi from JLL Northeast Industrial acted as the landlord's representatives in the deal. Noah Balanoff from Colliers represented the tenant in this transaction. The lease terms span over a period of seven years.
Players
Bayonne 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