Updated Oct 29, 2024
Advance Fashion Acquires Industrial Property In Hackensack For $3.25M
105 State St, Hackensack, NJ 07601, USA
$3,250,000
$144/SF
Building Size
22,526 SF
Asset Type
Industrial
Closing
Oct 18, 2020
About this deal
AI
The industrial property located at 105-111 State Street in Hackensack has been sold for $3,250,000. The transaction was completed on October 19, 2020. The property spans 22,526 square feet, resulting in a price per square foot of $144.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,250,000
Advance Fashion acted as the buyer in this deal, while Turabdin was the seller. Steven N. Muller from Equity Real Estate Brokerage LLC represented the buyer, and Pat Lennon from NAI James E. Hanson represented the seller.
Players
Hackensack Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93