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

/

All

/

Lease

/

950 Convery BLVD, Perth Amb...

ProLogis Leases 492000 Square Feet To The RealReal Inc At 950 Convery Blvd Perth Amboy NJ
LEASED

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.

Players

Larry Schiffenhaus

CBRE

Broker

$83M

vol

13 deals

Broker
Prologis
PrologisBrokerage
Prologis
PrologisLandlord

Perth Amboy CRE Market Snapshot

Boundary boundary · CRE · 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