Updated Oct 29, 2024
FCA Leases 17500 Square Feet To Tenant At 100 Hoffman Pl In Hillside, NJ
100 Hoffman Pl, Hillside, NJ, 07205
Building Size
17,500 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 100 Hoffman Pl, Hillside, NJ, 07205. It consists of 17,500 square feet and is situated in the Hillside market. The landlord for this lease transaction is FCA.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not provided
- Address: 100 Hoffman Pl, Hillside, NJ, 07205
- Market: Hillside
- Square Feet: 17,500
- Tenant's Representative: Herb Zimmerman - Bussel Realty Corp.
- Landlord: FCA
Herb Zimmerman, representing the tenant, played a key role in facilitating this lease agreement. The transaction reflects the collaborative effort between the tenant's representative and the landlord, FCA, in securing the lease for the specified location.
Players
Hillside Office Market Snapshot
Boundary boundary · Office · Lease 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