Golden Platter Foods Inc Momentum Mavens Inc PK Mechanical Services Lease Industrial Space In Linden NJ
1501 West Blancke Street, 1010 West Elizabeth Avenue & 3401 Tremley Point Road
Building Size
239,334 SF
Asset Type
Industrial
Closing
Feb 19, 2025
AI
The properties involved in this transaction consist of three leases totaling 79,778 square feet across multiple addresses in Linden, NJ. The locations include 1501 West Blancke Street with 54,078 square feet, 1010 West Elizabeth Avenue with 17,700 square feet, and 3401 Tremley Point Road, which offers 8,000 square feet along with one acre of industrial storage. The assets are categorized as industrial properties.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Addresses: 1010 West Elizabeth Avenue, 1501 West Blancke Street, 3401 Tremley Point Road
- Total Square Footage: 79,778
- Landlord: Luke J. Petherbridge - Link Logistics Real Estate; BF Trading LLC; 5GJM LLC
- Tenant: Golden Platter Foods Inc; Momentum Mavens Inc; PK Mechanical Services
- Landlord's Representatives: Pantheon Properties; Anju Realty; Sitar Realty
- Tenant's Representatives: Benito Abbate, James Friel & Jordan Metz - Bussel Realty
The Metz Industrial Group of Bussel Realty Corp. facilitated the closure of these leases, with each property being brokered by different entities to accommodate the respective landlords. The transaction was effectively handled by Pantheon Properties for Link Logistics, Anju Realty for BF Trading, and Sitar Realty for 5GJM LLC, bringing together various stakeholders in the industrial sector.
Players
Linden 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