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
Hoboken 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