March Construction Leases 70,000 SF Industrial Space To Silk Road In Wayne At $22.50/ft
LEASED
$22
New Jersey
See Similar DealsIndustrial70,000 SF
Leased 11/14/2025
LEASED
March Construction Leases 70,000 SF Industrial Space To Silk Road In Wayne At $22.50/ft
125 Pompton Plains Cross Road
See Similar DealsIndustrial70,000 SF
Leased 11/14/2025
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$22
Total Square Footage:70,000 SF
Transaction Type:Lease
The property asset involved in this transaction is an industrial space located at 125 Pompton Plains Cross Road in Wayne. The lease agreement was established with an asking rent of $22.50 per square foot for a total area of 70,000 square feet. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22.50/ft
- Address: 125 Pompton Plains Cross Road
- Market: Wayne
- Landlord: March Construction
- Tenant: Silk Road
- Brokers: Jack Zalta, Emil Shabot & Yanky Chaimowitz - KSR
- Lease Type: Modified Gross Lease
The individuals involved in this transaction include the landlord, March Construction, and the tenant, Silk Road. The deal was facilitated by the brokerage team of Jack Zalta, Emil Shabot, and Yanky Chaimowitz from KSR, who represented both parties in the lease agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,805,560.99
Total Lease Value
$18,055,609.92
Net Landlord Cash Flow$1,805,560.99
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