One Main Financial Leases 2660 Sq Ft Space In Secaucus, NJ
650 Plaza Dr, Secaucus, NJ, 07094
Building Size
2,660 SF
Asset Type
Office
Closing
Nov 22, 2023
AI
The property involved in the transaction is located at 650 Plaza Dr, Secaucus, NJ, 07094, within the Secaucus market. The tenant, One Main Financial, has leased a total of 2,660 square feet of space. The landlord is Carlton Strategic Ventures LLC. This transaction is part of a broader effort by the landlord, who manages a nearly 47,000-square-foot office building in Secaucus, to fill the property with tenants exploring quality facilities.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 650 Plaza Dr, Secaucus, NJ, 07094
- Market: Secaucus
- Tenant: One Main Financial
- Landlord: Carlton Strategic Ventures LLC
- Tenant's Representative: Nicole Nannola - CBRE
- Square Feet: 2660
In addition to One Main Financial, this lease transaction includes a commitment by Integrity Staffing Solutions for 1,500 square feet. The ownership was represented by Josh Levering of NAI James E. Hanson, who emphasized the property's location within the mixed-used Harmon Meadow complex and its appeal to tenants seeking access to major New Jersey roadways and New York City. Nicole Nannola represented One Main Financial in this deal.
Players
Secaucus 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