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BMB Properties And Management Leases 95000 Square Feet To Beholy LLC In Mount Holly
LEASED
New Jersey
See Similar DealsIndustrial95,000 SF
Leased 04/23/2025
LEASED
BMB Properties And Management Leases 95000 Square Feet To Beholy LLC In Mount Holly
224 Shreve Street
See Similar DealsIndustrial95,000 SF
Leased 04/23/2025
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:95,000 SF
Transaction Type:Lease
An industrial property with a total area of 95,000 square feet located at 220-224 Shreve Street in Mount Holly has been leased. The asset was previously vacant for over nine months before securing a tenant.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Lease Term: Long-term
- Landlord: BMB Properties and Management, LLC
- Tenant: Beholy, LLC
- Broker: David Zimmel - Zimmel Associates
David Zimmel from Zimmel Associates represented the landlord in this transaction, successfully closing the lease within 60 days by utilizing the property's unique zoning for cannabis, its heavy power capacity, and air conditioning features.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$5,445,342.67
Total Lease Value
$54,453,426.73
Net Landlord Cash Flow$5,445,342.67
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