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1 Indian Ln

Updated Oct 29, 2024

Quintessence Fragrances Signs Lease For U.S. Headquarters In Montville With Diversified Properties
LEASEDIndustrial

Quintessence Fragrances Signs Lease For U.S. Headquarters In Montville With Diversified Properties

1 Indian Ln

Building Size

9,000 SF

Asset Type

Industrial

Closing

May 16, 2023

About this deal

AI

Quintessence Fragrances has signed a lease for its U.S. headquarters in Montville, New Jersey. The industrial property, located at 1 Indian Lane, spans approximately 9,000 square feet. It will serve as the company's headquarters and research and development center, accommodating various departments. The lease was facilitated by Diversified Properties, a real estate company.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1 Indian Lane, Montville, New Jersey
  • Market: Montville
  • Landlord: Diversified Properties - Nicholas Minoia
  • Tenant: Quintessence Fragrances - Jennifer Russell
  • Brokers: Tom Consiglio & Greg Sabato - Resource Realty

This lease agreement signifies the establishment of Quintessence Fragrances' U.S. headquarters at 1 Indian Lane in Montville. Diversified Properties, represented by Tom Consiglio and Greg Sabato from Resource Realty, played a crucial role in facilitating the deal. The UK-based fragrance house will utilize this location to support its various operations and further enhance its presence in the American market.

Players

Tom Consiglio

Resource Realty

Broker

$7.5M

vol

9 deals

Broker

Nicholas Minoia

Landlord

$5.1M

vol

2 deals

Landlord
DL
Diversified Properties LLCLandlord

New Jersey Industrial Market Snapshot

Boundary boundary · Industrial · 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

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