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
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