City Knickerbocker Acquires 20000 SF Property At 143 Leuning St South Hackensack With Eric Demmers As Buyer's Rep
143 Leuning St, South Hackensack, NJ...
Building Size
20,000 SF
Asset Type
Industrial
Closing
Jan 13, 2020
AI
The property involved in this transaction is a 20,000-square-foot industrial building located at 143 Leuning St, South Hackensack, NJ. It consists of 17,500 square feet of industrial space and 2,500 square feet of office space. The property is situated in a market area with favorable access to the New Jersey Turnpike.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Buyer: City Knickerbocker
- Buyer's Representative: Eric Demmers - NAI Capital
- Seller: Schmidt Realty Company LLC
- Location: 143 Leuning St, South Hackensack, NJ
- Total Square Footage: 20,000
Key individuals involved in the transaction include Eric Demmers and Russell Verducci from NAI James Hanson, who represented City Knickerbocker. The buyer specializes in providing reproductions of contemporary lighting fixtures for various applications, including television and theater, as well as for private businesses and homes.
Players
South 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93