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1501 West Blancke Street

Scott Bennett's Golden Platter Foods Inc Leases 54078 SF Industrial Space In Linden
LEASEDIndustrial

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

Jordan Metz

Bussel Realty

Broker

$140.7M

vol

38 deals

Broker

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