Ryan Nelson Of Turnbridge Equities Leases 252000 SF Industrial Space To TWTH Express In Bayonne
169 Pulaski Street
$25
$25/SF
Building Size
275,000 SF
Asset Type
Industrial
Closing
Jun 26, 2025
AI
The property asset involved in this transaction is an industrial space located at 169 Pulaski Street in Bayonne, with a square footage of 252,000. The lease type is a Single Net Lease, and the asking rent is set at $20 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20/ft
- Address: 169 Pulaski Street
- Market: Bayonne
- Asset Size: 252,000 SF
- Lease Type: Single Net Lease
- Landlord: Ryan Nelson - Turnbridge Equities
- Tenant: TWTH Express
- Tenant's Representative: Chris Okada - Okada & Company; Emanuel Westfried - Two Bins Capital
The deal involves key individuals such as Ryan Nelson, who represents the landlord, and TWTH Express as the tenant in this lease agreement. Chris Okada and Emanuel Westfried serve as the representatives for the tenant, facilitating the transaction details between the involved parties.
Players
Bayonne 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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93