Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Lease Term: 65-month
- Landlord: Anthony Amadeo - Woodmont Industrial Partners
- Tenant: Nemo Tile
- Landlord's Representative: Michael Schaible & Troy Wisse - Lee & Associates
- Tenant's Representative: Daniel Reider - Newmark
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
Lyndhurst 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