facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Office

/

Lease

/

1450 Washington Street, Hob...

Daybase Leases Office Space At 1450 Washington Street In Hoboken, NJ With Representatives Mitchell Salmon & Steve Lorenzo - Lee & Associates
LEASEDOffice

Daybase Leases Office Space At 1450 Washington Street In Hoboken, NJ With Representatives Mitchell Salmon & Steve Lorenzo - Lee & Associates

1450 Washington Street, Hoboken, New Jersey 07030, United States

Building Size

5,111 SF

Asset Type

Office

Closing

Nov 29, 2021

AI

An office space located at 1450 Washington Street in Hoboken, NJ has been leased. The tenant, Daybase, has signed a lease agreement for the property. The lease transaction was brokered by Mitchell Salmon and Steve Lorenzo of Lee & Associates. The office space has an asking rent of $50 per square foot and spans approximately 5,111 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Lease
  • Date: 11/30/2021
  • Address: 1450 Washington Street, Hoboken, NJ
  • Market: Hoboken, NJ
  • Tenant: Daybase
  • Brokers: Mitchell Salmon & Steve Lorenzo - Lee & Associates
  • Asking Rent: $50/ft.
  • SF: 5,111

Mitchell Salmon and Steve Lorenzo, representing Lee & Associates, facilitated the lease transaction for Daybase. The deal signifies the successful collaboration between the tenant and the brokerage team, resulting in the acquisition of a suitable office space in Hoboken, NJ.

Players

Mitchell Salmon

Lee & Associates

Broker

$66.9M

vol

5 deals

Broker

Hoboken Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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