JNJ Tires LLC Leases 6500 Square Feet From MN NJ Realty LLC In Roselle New Jersey
169 East Highland Parkway
Building Size
6,500 SF
Asset Type
Industrial
Closing
Nov 18, 2024
AI
The property involved in this transaction is a 16,500-square-foot industrial asset located at 169 East Highland Parkway, Roselle, NJ. The leased space comprises 6,500 square feet. The landlord of the property is MN NJ Realty LLC, and the transaction took place on November 18, 2024.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 169 East Highland Parkway
- Market: Roselle
- Square Footage: 6,500
- Landlord: MN NJ Realty LLC
- Tenant: JNJ Tires LLC
- Broker: Steve Jaynes - Bussel Realty
In this deal, Steve Jaynes of Bussel Realty represented both the tenant, JNJ Tires LLC, and the landlord, MN NJ Realty LLC. The transaction reflects a collaborative effort in facilitating the leasing of the industrial space.
Players
Roselle 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