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P&I Global Tire Solutions Leases Industrial Building In Linden With Bussel Realty Brokers
LEASED
New Jersey
See Similar DealsIndustrial14,500 SF
Leased 04/30/2024
LEASED
P&I Global Tire Solutions Leases Industrial Building In Linden With Bussel Realty Brokers
1 Stercho Road
See Similar DealsIndustrial14,500 SF
Leased 04/30/2024
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:14,500 SF
Transaction Type:Lease
The industrial building located at 1 Stercho Road in Linden, spanning 14,500 square feet, was successfully leased to P&I Global Tire Solutions by Bussel Realty Corp. The strategic location near major transportation hubs and Linden's favorable business environment played a pivotal role in the tenant's decision to establish their headquarters at this property.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 1 Stercho Road
- Market: Linden
- Tenant: Ignacio Chiozza - P&I Global Tire Solutions
- Landlord: BNG Realty LLC
Eric Koons, along with Steve Jaynes, represented Bussel Realty in this deal. Koons emphasized the property's proximity to key transportation infrastructure and the overall favorable business environment in Linden, which were instrumental in attracting P&I Global Tire Solutions as the new tenant.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$831,131.25
Total Lease Value
$8,311,312.50
Net Landlord Cash Flow$831,131.25
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