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Palacci Group Leases 17500 Square Feet In Linden To Jordan East River Represented By Jordan Metz

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LEASED

New Jersey

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Industrial17,500 SF
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LEASED

Palacci Group Leases 17500 Square Feet In Linden To Jordan East River Represented By Jordan Metz

1416 E Linden Ave, Linden, NJ, 07036

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Industrial17,500 SF
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:17,500 SF
Transaction Type:Lease

1416 E Linden Ave, Linden, NJ, 07036 is a property that has recently become fully leased, reaching 100 percent occupancy. The industrial building has a total area of 17,500 square feet, dedicated to a moving and storage business. It features 16-foot clear ceilings, four loading docks, one oversized drive-in door, and 2,500 square feet of office space. The site provides convenient access to major transportation routes, including Routes 1 and 9 and the New Jersey Turnpike, as well as proximity to Newark Liberty International Airport and New York City.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1416 E Linden Ave, Linden, NJ, 07036
  • Market: Linden
  • Landlord: Palacci Group
  • Landlord's Representative: Jordan Metz - Bussel Realty
  • Tenant: Jordan East River
  • Square Feet: 17,500

Jordan Metz of Bussel Realty Corp represented the landlord, Palacci Group, in this lease transaction. The deal was facilitated with the assistance of CBRE, which represented the tenant, Jordan East River. Metz has been managing the leasing at this property for over a decade and noted an increase in interest for the space during this time.

Players

Jordan Metz
38 deals$140.7M volume
BROKER

Details

LEASED
IMAGE: 1416 E Linden Ave, Linden, NJ, 07036 MARKET: Linden LANDLORD'S REP: Jordan Metz(Bussel Realty) TENANT: Jordan East River LANDLORD: Palacci Group SQUARE FEET: 17500

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Deal Type
Effective Rent (Annual)

$1,003,089.44

Total Lease Value

$10,030,894.40

Net Landlord Cash Flow$1,003,089.44