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1 Indian Ln

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

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

8 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