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21 South Main Street

Updated Dec 4, 2024

Alfred Sanzari Enterprises Signs 3913 Square Foot Office Lease With Trenk Isabel Siddiqi & Shahdanian In Hackensack
LEASEDOffice

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

About this deal

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:

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

Andrew Somple

NAI James E. Hanson

Broker

$60.3M

vol

12 deals

Broker

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

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