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143 Leuning St, South Hacke...

City Knickerbocker Acquires 20000 SF Property At 143 Leuning St South Hackensack With Eric Demmers As Buyer's Rep
SOLDIndustrial

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

Russell Verducci

NAI James E. Hanson

Broker

$58.5M

vol

9 deals

Broker

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