Nina Bianco Of NIA National Realty Renews SGD, Inc Lease At 23 Bland St, Emerson
23 Bland St, Emerson, NJ, 07630
Building Size
5,173 SF
Asset Type
Industrial
Closing
Dec 6, 2018
AI
The property involved in this transaction is an industrial asset located at 23 Bland St, Emerson, NJ, 07630. The facility encompasses 5,173 square feet of space and is situated in the Emerson market. This building supports various functionalities, including office space, a loading dock, drive-in doors, light industrial, and warehouse space.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 23 Bland St, Emerson, NJ, 07630
- Square Feet: 5,173
- Landlord: Unknown
- Tenant: SGD, Inc.
- Landlord's Representative: Nina Bianco-NIA National Realty
Nina Bianco, the Vice President at NIA National Realty, represented both SGD, Inc. and the landlord in this lease renewal transaction. SGD, Inc. specializes in gas equipment and supply distribution and has committed to renewing its lease within this multi-tenant industrial-flex building, ensuring continued operations in the area.
Players
Emerson 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