facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Industrial

/

Lease

/

197 East Highland Parkway

Lucky Construction Leases 7500 Square Feet Industrial Space In Roselle From East Deal Inc
LEASEDIndustrial

Lucky Construction Leases 7500 Square Feet Industrial Space In Roselle From East Deal Inc

197 East Highland Parkway

Building Size

7,500 SF

Asset Type

Industrial

Closing

Oct 1, 2024

AI

The property involved in this lease transaction is an industrial building located at 197 East Highland Parkway in Roselle. The space occupies 7,500 square feet within a 9,400-square-foot structure, featuring 17-foot-high ceilings, drive-in loading, ample power, and parking facilities suitable for industrial operations.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 7,500
  • Address: 197 East Highland Parkway
  • Market: Roselle
  • Landlord: East Deal Inc. / MM Realty
  • Tenant: Lucky Construction
  • Broker: Steve Jaynes - Bussel Realty Corp.

This lease was facilitated by Steve Jaynes of Bussel Realty Corp., representing the interests of Lucky Construction in securing the property. The transaction highlights the strategic decision by the construction firm to operate from a facility that offers significant logistical advantages due to its proximity to major transportation routes.

Players

Steve Jaynes

Bussel Realty

Broker

$18.5M

vol

8 deals

Broker

Roselle Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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