J. Del Corona & Scardigli USA Inc. Leases Industrial Space At 1805 Lower Road In Linden
1805 Lower Road
Building Size
50,000 SF
Asset Type
Industrial
Closing
Feb 16, 2024
AI
The industrial property located at 1805 Lower Road in Linden spans 50,000 square feet. The warehouse, leased by J. Del Corona & Scardigli USA Inc., offers high ceilings and ample truck loading facilities. Its strategic location near Route 1&9 provides easy access to Port Newark-Elizabeth.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Tenant: Stefano D'angelo - J. Del Corona & Scardigli USA Inc.
- Tenants' Broker: James McNerney & John D’Amato - McBride Corporate Real Estate
The lease of this industrial space was facilitated by James McNerney and John D’Amato from McBride Corporate Real Estate. J. Del Corona & Scardigli USA Inc., a freight forwarding firm, secured the warehouse for their operations, benefiting from its favorable features and convenient location.
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