Updated Oct 29, 2024
Herb Zimmerman Of Bussel Realty Corp. Represents Tenant In 26000 Sq Ft Lease At 487 Hillside Ave
487 Hillside Ave, Hillside, NJ, 07205
Building Size
26,000 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is a leased asset located at 487 Hillside Ave, Hillside, NJ, 07205. The property spans a total area of 26,000 square feet and is situated in the Hillside market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 487 Hillside Ave, Hillside, NJ, 07205
- Market: Hillside
- Tenant's Representative: Herb Zimmerman - Bussel Realty Corp.
- Landlord: FCA
The transaction involved Herb Zimmerman from Bussel Realty Corp., who represented the tenant in this lease agreement. The landlord of the property is FCA, indicating the parties engaged in the negotiation and finalization of the lease terms.
Players
Hillside 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