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650 Plaza Dr, Secaucus, NJ,...

One Main Financial Leases 2660 Sq Ft Space In Secaucus, NJ
LEASEDOffice

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

Nicole Nannola

CBRE

Broker

$750K

vol

2 deals

Broker
SL
Strategic Ventures LLCLandlord

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