facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Retail

/

Lease

/

345 Essex Street, Hackensac...

Popeyes HPCC LLC Leases Retail Space At 345 Essex Street In Hackensack, NJ
LEASEDRetail

Popeyes HPCC LLC Leases Retail Space At 345 Essex Street In Hackensack, NJ

345 Essex Street, Hackensack, NJ, USA

Building Size

2,400 SF

Asset Type

Retail

Closing

Mar 31, 2021

AI

Located at 345 Essex Street in Hackensack, NJ, this retail property has recently been leased. The tenant, Popeyes HPCC LLC, will be occupying the space, which spans 2,400 square feet. The landlord of the property is Pratik & Pritti LLC. The deal was facilitated by brokers Chris Conway of Retail CRE and Maurice Assia.

Summary of Transaction Details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Asking Rent: $55 per square foot
  • Square Footage: 2,400
  • Address: 345 Essex Street, Hackensack, NJ
  • Market: Hackensack, NJ

Popeyes HPCC LLC, represented by Chris Conway, will be leasing the space from Pratik & Pritti LLC. Maurice Assia also played a role in the transaction as a broker. No additional details about the deal were provided.

Players

Christopher Conway

Atlantic Coastal Real Estate

Broker

$12.1M

vol

40 deals

Broker
The Goldstein Group
The Goldstein GroupBrokerage

Hackensack Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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