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116 South Avenue

PuroClean Leases 5500 Square Feet Industrial Space At 116 South Avenue In Garwood
LEASEDIndustrial

PuroClean Leases 5500 Square Feet Industrial Space At 116 South Avenue In Garwood

116 South Avenue

Building Size

5,500 SF

Asset Type

Industrial

Closing

Mar 12, 2026

AI

The asset involved in the transaction is a single-story light industrial building located at 116 South Avenue in Garwood. The total space leased is 5,500 square feet, and the property features office space along with a large parking lot suitable for equipment storage.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 116 South Avenue
  • Market: Garwood
  • Landlord: Garden State Parkway
  • Tenant: PuroClean
  • Brokers: Marcy Gross & Eric Weston - Sheldon Gross Realty

Marcy Gross, president of Sheldon Gross Realty, and Vice President Eric Weston facilitated the lease arrangement for this property to PuroClean, a company specializing in property restoration services. The location offers proximity to Route 28 and is less than a mile from the Garden State Parkway, which enhances the tenant's operational efficiency.

Players

Marcy Gross

Sheldon Gross Realty

Broker

$11.6M

vol

6 deals

Broker
GP
Garden State ParkwayLandlord
P
PuroCleanTenant

Garwood 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