Updated Dec 4, 2024
Fabuwood Cabinetry Leases 197,072 SF Industrial Property In Linden, New Jersey
300 Linden Logistics Way
Building Size
197,072 SF
Asset Type
Industrial
Closing
Oct 4, 2023
About this deal
AI
The industrial property located at 300 Linden Logistics Way in Linden, New Jersey has been leased by Fabuwood Cabinetry. The property spans a total of 197,072 square feet and is part of a 4.1 million-square-foot park developed by Advance Realty Investors, Greek Real Estate Partners, and PGIM Real Estate. The property is situated in the market of Linden.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 300 Linden Logistics Way, Linden, New Jersey
- Market: Linden
- Square Footage: 197,072
- Landlord: Advance Realty Investors - Peter Cocoziello; Greek Real Estate Partners - David Weissman; PGIM Real Estate - Eric Adler
- Tenant: Fabuwood Cabinetry - Joel Epstein
Fabuwood Cabinetry, headquartered in nearby Newark, has taken up the lease for the industrial property in Linden. The deal was facilitated by Joel Epstein, the representative of Fabuwood Cabinetry, with the involvement of landlords Peter Cocoziello from Advance Realty Investors, David Weissman from Greek Real Estate Partners, and Eric Adler from PGIM Real Estate.
Players
Linden Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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