Updated Jan 21, 2025
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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Lease Term: 15 years
- Landlord: 25 Green Pond Investors LLC
- Tenant: Rockaway Holding Group, LLC
- Landlord's Representative: Stephen Sander & Steve Elman - Cushman & Wakefield
- Tenant's Representative: Daniel Foley - Savills
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
Rockaway Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Deal FAQ
Browse Rockaway industrial leases on Traded.
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