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Woodmont Industrial Partners Leases 30046 Square Foot Warehouse To Nemo Tile In Lyndhurst

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LEASED
Daniel (Dan) Reider

New Jersey

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Industrial30,046 SF
Leased 10/02/2024
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Property Image
LEASED

Woodmont Industrial Partners Leases 30046 Square Foot Warehouse To Nemo Tile In Lyndhurst

2 Terminal Road

See Similar Deals
Industrial30,046 SF
Leased 10/02/2024
Daniel (Dan) Reider
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:30,046 SF
Transaction Type:Lease

The property asset involved in this transaction is a 30,046-square-foot warehouse located at 2 Terminal Road in the Lyndhurst market. This industrial facility has been leased to Nemo Tile, reflecting Woodmont Industrial Partners' dedicated approach to maintaining high-quality industrial properties equipped with necessary upgrades and features.

Summary of transaction details:

The lease agreement was facilitated by key representatives. Anthony Amadeo represents the interests of Woodmont Industrial Partners, while Michael Schaible and Troy Wisse from Lee & Associates represent the landlord. Daniel Reider from Newmark serves as the representative for the tenant, Nemo Tile, demonstrating a collaborative effort among experienced professionals in the industrial leasing sector.

Players

Troy Wisse
5 deals$29.5M volume
BROKER


Details

LEASED
IMAGE: Anthony Amadeo, Michael Schaible, Troy Wisse & Daniel Reider DATE: 10/02/2024 ADDRESS: 2 Terminal Road MARKET: Lyndhurst ASSET TYPE: Industrial ~ SF: 30,046 LANDLORD: Anthony Amadeo - Woodmont Industrial Partners TENANT: Nemo Tile LANDLORD'S REP: Michael Schaible & Troy Wisse - Lee & Associates (@LeeAssociatesRE) TENANT'S REP: Daniel Reider - Newmark (@Newmark) LEASE TERM: 65-month NOTE: Woodmont Industrial Partners has leased its 30,046-square-foot warehouse at 2 Terminal Road, Lyndhurst to Nemo Tile for a 65-month term. The facility underwent significant upgrades, including a new roof, additional office space, and truck parking, reflecting Woodmont’s focus on high-quality industrial properties near major transportation hubs.

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Deal Type
Effective Rent (Annual)

$1,722,218.59

Total Lease Value

$17,222,185.89

Net Landlord Cash Flow$1,722,218.59