facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Industrial

/

Lease

/

2 Terminal Road

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

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

2 Terminal Road

Building Size

30,046 SF

Asset Type

Industrial

Closing

Oct 2, 2024

AI

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

Lee & Associates

Broker

$29.5M

vol

5 deals

Broker

Lyndhurst 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