CBRE Negotiates 48.6K SF Industrial Lease Renewal In Lincoln Park
132 Beaver Brook Road
Building Size
48,650 SF
Asset Type
Industrial
Closing
Jun 7, 2024
AI
An industrial lease renewal for Richelieu American Ltd. was negotiated by CBRE, covering a 48,650-square-foot property located at 132 Beaver Brook Road in Lincoln Park, NJ. The lease involved Northbridge Partners as the landlord.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 132 Beaver Brook Road
- Market: Lincoln Park
- Square Footage: 48,650
- Tenant: Richelieu American Ltd.
- Landlord: Northbridge Partners
- Brokers: Chad Hillyer, Kate Granahan, Kevin Dudley & Nicholas Klacik - CBRE
The team from CBRE that facilitated the deal comprised of Kevin Dudley, Chad Hillyer, Nicholas Klacik, and Kate Granahan, representing Northbridge Partners as the landlord in the transaction.
Players
Lincoln Park 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