Updated Nov 28, 2024
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
About this deal
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.
On the Map
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