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23 Bland St, Emerson, NJ, 0...

Nina Bianco Of NIA National Realty Renews SGD, Inc Lease At 23 Bland St, Emerson
LEASEDIndustrial

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

Nina Bianco

NIA National Realty

Broker

2 deals

Broker

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