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71 New Hook Access Road, Ba...

HD Supply Leases Industrial Property In Bayonne, NJ With Landlord's Rep Joel Lubin & Gary Politi
LEASEDIndustrial

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

Joel Lubin

JLL

Broker

$55.4M

vol

3 deals

Broker
DM
Delta Equity ManagementLandlord
HS
HD SupplyTenant

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