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25 Green Pond Road

Updated Jan 21, 2025

Rockaway Holding Group Leases 124556 SF Industrial Space At 25 Green Pond Road In Rockaway
LEASEDIndustrial

Rockaway Holding Group Leases 124556 SF Industrial Space At 25 Green Pond Road In Rockaway

25 Green Pond Road

Building Size

124,556 SF

Asset Type

Industrial

Closing

Dec 23, 2024

About this deal

AI

The industrial asset at 25 Green Pond Road in Rockaway occupies a total of 124,556 square feet. The property was leased by Rockaway Holding Group, LLC, under a long-term agreement. The landlord for this transaction is 25 Green Pond Investors LLC.

Summary of transaction details:

Rockaway Holding Group signed a lease agreement that will see the property transformed into a donut manufacturing facility capable of producing over 1 million donuts daily. The representatives involved in facilitating the deal include Cushman & Wakefield's Stephen Sander and Steve Elman for the landlord side, while Savills' Daniel Foley represented the tenant.

Players

Stephen Sander

Cushman & Wakefield

Broker

2 deals

Broker

Rockaway 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

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