Anthony & Sylvan Pools Leases 4,800 SF Industrial Space In Rockaway And Renews 4,000 SF In East Hanover
385 Franklin Avenue & 50 Williams Parkway
Building Size
17,600 SF
Asset Type
Industrial
Closing
Feb 4, 2026
AI
The properties involved in this transaction are located at 385 Franklin Avenue and 50 Williams Parkway. The assets are in the industrial sector, with a total square footage of 8,800. The market value pertains to the Rockaway and East Hanover areas in New Jersey.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 8,800
- Address: 385 Franklin Avenue, Rockaway, NJ
- Address: 50 Williams Parkway, East Hanover, NJ
- Brokers: Greg Sabato & Brian Wilson - Resource Realty
In this deal, Anthony & Sylvan Pools has leased 4,800 square feet at the 385 Franklin Avenue location, alongside a separate lease renewal of 4,000 square feet at 50 Williams Parkway. Greg Sabato and Brian Wilson represented the landlords in both transactions, indicating a focus on catering to service providers and home improvement specialists in northern New Jersey.
Players
Rockaway 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