Timeless Treasures Fabrics Leases 42,000 SF Industrial Space In Kenilworth
3 Mark Road
Building Size
42,000 SF
Asset Type
Industrial
Closing
Apr 16, 2024
AI
The industrial property located at 3 Mark Road in Kenilworth spans 42,000 square feet and was leased to Timeless Treasures Fabrics. This space includes warehouse and office areas, as well as fenced paved lots, catering to the needs of industrial users requiring efficient logistics and transportation access. The property's strategic proximity to major roadways like Route 22 adds to its appeal.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 3 Mark Road
- Market: Kenilworth
- Tenant: Timeless Treasures Fabrics
- Landlord's Rep: Catherine Goski-Vasquez, Richard Goski & David Simon - NAI DiLeo-Bram & Co
- Tenant's Rep: Doug Bansbach & Linda Hill - Colliers International
The leasing transaction at 3 Mark Road was facilitated by NAIDB, with Catherine Goski-Vasquez, Richard Goski, and David Simon representing the landlord through NAI DiLeo-Bram & Co. On the other side, Doug Bansbach and Linda Hill from Colliers International acted as the representatives for Timeless Treasures Fabrics. This deal brought together key players in the real estate and industrial sectors, ensuring a successful leasing agreement.
Players
Kenilworth 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