Updated Oct 29, 2024
Linemart NJ Leases 67,430 SF Industrial Space In Parsippany With Broker Representation
60 E Halsey Rd, Parsippany-Troy Hills...
Building Size
67,430 SF
Asset Type
Industrial
Closing
Nov 22, 2023
About this deal
AI
Located at 60 E Halsey Road in Parsippany, an industrial property spanning 67,430 square feet has recently been leased. The tenant, Linemart NJ, an e-commerce fulfillment vendor for Amazon, finalized the lease agreement in this facility, which is about 30 miles west of New York City.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Market: Parsippany
- Landlord's Rep: William Pastuszak (Resource Realty)
- Tenant: Linemart NJ
- Landlord: Longpoint Realty Partners
- Square Feet: 67,430
The tenant, Linemart NJ, was represented in the lease negotiations by Scott Peck from Resource Realty, a New Jersey-based brokerage firm. On the landlord's side, Tom Consiglio and Bill Pastuszak, also affiliated with Resource Realty, acted as the representatives for Longpoint Realty Partners in this industrial lease deal.
Players
Parsippany 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