ProLogis Leases 492000 Square Feet To The RealReal Inc At 950 Convery Blvd Perth Amboy NJ
950 Convery BLVD, Perth Amboy, NJ...
Building Size
492,000 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property asset involved in this transaction is located at 950 Convery BLVD, Perth Amboy, NJ. It comprises a total area of 492,000 square feet and is situated in the Perth Amboy market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 950 Convery BLVD, Perth Amboy, NJ
- Market: Perth Amboy
- Landlord: ProLogis
- Tenant: The RealReal Inc
- Landlord's Representative: Larry Schiffenhaus, CBRE
This transaction involved key players including landlord ProLogis, represented by Larry Schiffenhaus from CBRE, and tenant The RealReal Inc. Each played a significant role in facilitating this leasing deal within the Perth Amboy area.
Perth Amboy CRE Market Snapshot
Boundary boundary · CRE · 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