Updated Dec 5, 2024
Phoenix Aromas Renews 79K SF Norwood Industrial Lease, Represented By MRH And Alfred Sanzari
355 Chestnut St, Norwood, NJ, 07648
Building Size
79,466 SF
Asset Type
Industrial
Closing
Nov 22, 2023
About this deal
AI
The industrial property located at 355 Chestnut St in Norwood, NJ, spans a total of 79,466 square feet. This asset, owned and developed by Alfred Sanzari Enterprises, boasts six loading docks and a clear height of 20 feet.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 355 Chestnut St, Norwood, NJ, 07648
- Market: Norwood
- Tenant's Rep: Mitch Helfman(MRH Real Estate Services)
- Landlord's Rep: Steve Jennings(Alfred Sanzari Enterprises)
- Landlord: Alfred Sanzari Enterprises
Phoenix Aromas & Essential Oils successfully renewed their lease for the 79,466-square-foot industrial property at 355 Chestnut St in Norwood, NJ. Representing the tenant in the negotiations was Mitch Helfman of MRH Real Estate Services, while Steve Jennings acted as the landlord's representative internally.
Players
Norwood 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