facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Industrial

/

Lease

/

150 Lackawanna Avenue

Wieland Metal Services Signs 85100 Square Foot Lease Renewal With FAO Realty In Parsippany
LEASEDIndustrial

Wieland Metal Services Signs 85100 Square Foot Lease Renewal With FAO Realty In Parsippany

150 Lackawanna Avenue

Building Size

85,100 SF

Asset Type

Industrial

Closing

Jul 22, 2025

AI

The asset involved in this transaction is an industrial property located at 150 Lackawanna Avenue in Parsippany. The total square footage of the property is 85,100. This lease transaction was executed with Wieland Metal Services as the tenant, while FAO Realty LLC is identified as the landlord.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 150 Lackawanna Avenue
  • Market: Parsippany
  • Landlord: FAO Realty LLC
  • Tenant: Wieland Metal Services
  • Landlord's Representative: Scott Perkins - NAI James E. Hanson
  • Tenant's Representatives: Thomas Mallaney & Denise Kokulak - CBRE

CBRE secured the lease renewal for Wieland Metal Services, with the team led by Thomas Mallaney and Denise Kokulak. Scott Perkins represented the landlord in this transaction, facilitating the lease agreement for the industrial asset.

Players

Scott Perkins

NAI James E. Hanson

Broker

$256.4M

vol

7 deals

Broker
CBRE
CBREBrokerage

Parsippany Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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