FCA Leases 127800 Square Feet At 240 West Pkwy In Pompton Plains With Brokers Ed Schein And Jeffrey Fulton
240 West Pkwy, Pequannock Township...
Building Size
127,800 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 240 West Pkwy, Pequannock Township. It has a total area of 127,800 square feet and is situated in the Pompton Plains market. The lease is executed with FCA as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 240 West Pkwy, Pequannock Township
- Market: Pompton Plains
- Square Feet: 127,800
- Landlord's Representative: Ed Schein, Jeffrey Fulton - Team Resources
- Landlord: FCA
The deal was facilitated by the landlord's representatives, Ed Schein and Jeffrey Fulton, who are associated with Team Resources. They played a crucial role in negotiating the terms of the lease for the property.
Players
Pompton Plains 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