Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:111,111 SF
Transaction Type:Lease
The property involved in this transaction is located at 26 Jefferson St, Passaic, NJ, 07055. The lease encompasses a full-building industrial space measuring 111,111 square feet. The site covers 7.5 acres and includes features such as a clear height of 40 feet, 27 docks, two drive-in doors, and parking accommodations for 61 cars and eight trailers.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not Disclosed
- Address: 26 Jefferson St, Passaic, NJ, 07055
- Market: Passaic
- Landlord: IDI Logistics
- Landlord's Representatives: Chris Hile - JLL, David Knee - JLL
IDI Logistics entered into a lease agreement with an undisclosed home improvement retailer for the entire building. The negotiations for this lease were handled by David Knee and Chris Hile from JLL, representing the interests of IDI Logistics.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$6,368,815.47
Total Lease Value
$63,688,154.71
Net Landlord Cash Flow$6,368,815.47
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