Updated Oct 29, 2024
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.
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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