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401 Hackensack Avenue Hacke...

Broad USA Renews 2,851-SF Headquarters Lease At 401 Hackensack Ave, Hackensack
LEASEDOffice

Broad USA Renews 2,851-SF Headquarters Lease At 401 Hackensack Ave, Hackensack

401 Hackensack Avenue Hackensack, NJ 07601, USA

Building Size

2,851 SF

Asset Type

Office

Closing

Sep 15, 2023

AI

BROAD U.S.A., an HVAC contractor, has renewed its lease for its 2,851-square-foot headquarters at 401 Hackensack Avenue Suite 503, Hackensack. This 10-story office property is located in Bergen County, offering a high-quality workspace near transportation and amenities.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Square Footage: 2,851 SF
  • Address: 401 Hackensack Avenue Suite 503
  • Market: Hackensack

The lease renewal, which solidifies Bergen County's reputation as an office hub, was facilitated by David DeMatteis, Patrick Dean, and Christina Magill from Cushman & Wakefield, serving as BROAD U.S.A.'s brokers.

Players

David DeMatteis

Cushman & Wakefield

Broker

11 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