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
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