Alfred Sanzari Enterprises Signs 3913 Square Foot Office Lease With Trenk Isabel Siddiqi & Shahdanian In Hackensack
21 South Main Street
Building Size
3,913 SF
Asset Type
Office
Closing
Oct 17, 2024
AI
21 South Main Street is located in Hackensack and features a total square footage of 3,913 dedicated to office use. The property is part of the Court Plaza South complex and will serve as a new location for the law firm Trenk Isabel Siddiqi & Shahdanian, P.C.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 21 South Main Street
- Market: Hackensack
- Landlord: Alfred Sanzari Enterprises
- Tenant: John L. Shahdanian II - Trenk Isabel Siddiqi & Shahdanian, P.C.
- Landlord's Rep: Andrew Somple, Jessica Curry & Jonathan Kristofich - NAI James E. Hanson
- Tenant's Rep: Courtney Rosenkrantz & Raymond Trevisan - Cushman & Wakefield
Alfred Sanzari Enterprises has established a lease agreement with Trenk Isabel Siddiqi & Shahdanian, P.C. The representatives involved in the transaction include Andrew Somple, Jessica Curry, and Jonathan Kristofich from NAI James E. Hanson representing the landlord, alongside Courtney Rosenkrantz and Raymond Trevisan from Cushman & Wakefield representing the tenant.
Players
Hackensack 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