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8 Hook Rd Bayonne, Nj 07002...

United Porte Expands Door Manufacturing Business With Lease Of Industrial Building In Bayonne
LEASEDIndustrial

United Porte Expands Door Manufacturing Business With Lease Of Industrial Building In Bayonne

8 Hook Rd Bayonne, Nj 07002, Usa

$66

$66/SF

Building Size

65,300 SF

Asset Type

Industrial

Closing

Aug 8, 2023

AI

United Porte has recently leased an industrial building located at 8 Hook Road in Bayonne. The property, spanning 65,300 square feet, offers significant space for United Porte to expand its door manufacturing business. The strategic location of the building near major transportation routes adds to its appeal.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Asking Rent: $66.67/ft.
  • Square Footage: 65,300
  • Address: 8 Hook Road, Bayonne
  • Market: Bayonne

The lease deal was facilitated by the team of Jordan Metz, Eric Koons, and Benito Abbate from Bussel Realty, who served as the landlord's representatives. On the other hand, Jeffery Realty represented United Porte as their tenant's representative. With the guidance and negotiation skills of these brokers, both parties were able to reach a mutually beneficial agreement.

Players

Jordan Metz

Bussel Realty

Broker

$140.7M

vol

38 deals

Broker

New Jersey 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

240348.48%

Cash-on-Cash

-68692.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93