Z Brothers Express Inc. Leases 49300 Square Feet From RIM Logistics Ltd. In Elizabeth NJ
LEASED
New Jersey
See Similar DealsIndustrial49,300 SF
LEASED
Z Brothers Express Inc. Leases 49300 Square Feet From RIM Logistics Ltd. In Elizabeth NJ
560 Bercik St, Elizabeth, NJ, 07201
See Similar DealsIndustrial49,300 SF
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:49,300 SF
Transaction Type:Lease
The property involved in the transaction is located at 560 Bercik St, Elizabeth, NJ, 07201. It consists of 49,300 square feet of industrial space within a 143,756-square-foot, Class A industrial building. The facility, spanning 6.4 acres, contains features such as nine tailgates, one drive-in door, and a clear height of 30 feet.
Summary of transaction details:
- Property Type: Industrial Sublease
- Transaction Amount: Not specified
- Landlord: RIM Logistics Ltd.
- Tenant: Z Brothers Express Inc.
- Landlord's Rep: Eric Demmers-NAI Capital
- Tenant's Rep: Rubicon Representation
- Market: Elizabeth
Eric Demmers and Russell Verducci of NAI James Hanson represented the sub-landlord, RIM Logistics Ltd., while Rubicon Representation acted on behalf of Z Brothers Express Inc. in the lease negotiations.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,825,846.25
Total Lease Value
$28,258,462.50
Net Landlord Cash Flow$2,825,846.25
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