Seagis Property Group Leases Industrial Property In Linden, NJ
340 South Stiles Street
$20
$20/SF
Building Size
137,447 SF
Asset Type
Industrial
Closing
Mar 1, 2023
AI
An industrial property located at 340 South Stiles Street in Linden, NJ has been leased. The property, spanning 137,447 square feet, was leased by an undisclosed tenant. The landlord in this transaction is Seagis Property Group. The asking rent for the property was $20 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 340 South Stiles Street, Linden, NJ
- Market: Linden, NJ
The deal was facilitated by the brokers Natalie Gorga, Jack Winge, Stephen Shoemaker, Chuck Fern, Jason Barton, Thomas "Tom" Tucci & Torsten Thaler from Cushman & Wakefield. These brokers represented both the tenant and the landlord in this lease agreement.
Players
Market 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
793150.00%
Cash-on-Cash
-226684.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93