Scott Bennett's Golden Platter Foods Inc Leases 54078 SF Industrial Space In Linden
1501 West Blancke Street
Building Size
54,078 SF
Asset Type
Industrial
Closing
Dec 2, 2024
AI
The property asset involved in this transaction is an industrial space located at 1501 West Blancke Street in Linden, consisting of 54,078 square feet. The asset is part of the Linden market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1501 West Blancke Street
- Market: Linden
- Landlord: Luke J. Petherbridge - Link Logistics Real Estate
- Tenant: Scott Bennett - Golden Platter Foods Inc
- Landlord's Representative: Benito Abbate, James Friel & Jordan Metz - Bussel Realty
- Tenant's Representative: Pantheon Properties
This lease transaction resulted in Golden Platter Foods Inc. occupying the full space of the property at 1501 W. Blancke Street. The landlord Link Logistics Real Estate was represented by the Metz Industrial Group from Bussel Realty Corp., while Pantheon Properties represented the tenant in this agreement.
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