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Rise Against Hunger Signs 11,500-Square-Foot Lease In New Jersey
LEASED
$17
New Jersey
See Similar DealsIndustrial11,500 SF
Leased 05/10/2023
LEASED
Rise Against Hunger Signs 11,500-Square-Foot Lease In New Jersey
60 Milltown Rd Union, NJ 07083, USA
See Similar DealsIndustrial11,500 SF
Leased 05/10/2023
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$17
Total Square Footage:11,500 SF
Transaction Type:Lease
Rise Against Hunger, a global hunger relief organization, has signed a lease for an 11,500-square-foot facility in Union, New Jersey, according to STRO Cos, the property owner. The new location will serve as a central hub for storing supplies and meals, as well as coordinating with local groups involved in meal packaging. It offers excellent connectivity to the New York metro area.
Summary of transaction details
- Property Type: Lease
- Transaction Date: May 10, 2023
- Property Address: New Jersey
- Landlord's Representative: Not provided
- Tenant's Representative: Joel Tomlinson - Tim Farley
- Asking Rent: $17 per sq ft.
The lease deal was facilitated by brokers Joel Tomlinson and Tim Farley, who represented Rise Against Hunger in the transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$224,118.84
Total Lease Value
$2,241,188.41
Net Landlord Cash Flow$224,118.84
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