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21 South Main Street

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

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