Integrity Staffing Leases 1,500 SF Office Space In Secaucus, NJ
650 Plaza Dr, Secaucus, NJ, 07094
Building Size
1,500 SF
Asset Type
Office
Closing
Nov 22, 2023
AI
The office property located at 650 Plaza Dr, Secaucus, NJ, 07094, in the Secaucus market, was subject to a recent lease transaction involving Integrity Staffing Solutions and Carlton Strategic Ventures LLC. The lease encompassed 1,500 square feet within the office asset.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Tenant's Rep: Stephen Graziano (Colliers International)
- Landlord's Rep: William "Will" Ericksen (NAI James E. Hanson)
- Tenant: Integrity Staffing Solutions
- Landlord: Carlton Strategic Ventures LLC
- Square Feet: 1500
The transaction was facilitated with the assistance of W. Joshua "Josh" Levering from NAI Capital. Levering represented the ownership of the property in this deal, highlighting the building's strategic location within the mixed-use Harmon Meadow complex situated off Route 3 and the New Jersey Turnpike. Notably, this property has attracted significant interest due to its amenities, proximity to major New Jersey roadways, and its nearness to New York City. Levering's expertise has been instrumental in securing numerous leases at 700 Plaza since becoming the exclusive broker for the property in 2017.
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