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Resource Realty Renews Industrial Lease In Fairfield, NJ For PPI Time Zero
LEASED
New Jersey
See Similar DealsIndustrial30,000 SF
Leased 05/20/2024
LEASED
Resource Realty Renews Industrial Lease In Fairfield, NJ For PPI Time Zero
11 Madison Road
See Similar DealsIndustrial30,000 SF
Leased 05/20/2024
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:30,000 SF
Transaction Type:Lease
The industrial property located at 11 Madison Road in Fairfield, NJ, consists of a 30,000-square-foot space on a 2.3-acre plot. The lease for this asset was renewed in May 2024.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Address: 11 Madison Road
- Market: Fairfield
- Landlord: Richards & Robbins
- Tenant: PPI Time Zero
- Landlord's Rep: Daniel Whitehead & Gregory Sabato - Resource Realty
- Tenant's Rep: Cresa
Resource Realty, a local brokerage firm, was instrumental in facilitating the lease renewal transaction. Daniel Whitehead and Gregory Sabato of Resource Realty represented the landlord, Richards & Robbins, while Cresa acted as the tenant's representative for PPI Time Zero, an affiliate of electronics manufacturer VIRTEX.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,719,581.90
Total Lease Value
$17,195,818.97
Net Landlord Cash Flow$1,719,581.90
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