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G&P Sports World Inc. Leases 5,000 SF Industrial Space At 68 Veronica Ave., Somerset
LEASED
New Jersey
See Similar DealsIndustrial5,000 SF
Leased 12/06/2023
LEASED
G&P Sports World Inc. Leases 5,000 SF Industrial Space At 68 Veronica Ave., Somerset
68 Veronica Avenue
See Similar DealsIndustrial5,000 SF
Leased 12/06/2023
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:5,000 SF
Transaction Type:Lease
G&P Sports World Inc. has leased a 5,000-square-foot space at 68 Veronica Ave. in Somerset. The industrial property is located within a 50,000-square-foot building and offers 10 tailboards and 22-foot ceiling heights. It is conveniently situated near Routes 27, 1, and 130, as well as Exit 9 of the New Jersey Turnpike.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 68 Veronica Avenue
- Market: Somerset
- Square Footage: 5,000
The lease was facilitated by Bussel Realty Corp., represented by Anthony Mircovich and Steve Jaynes. The transaction involved G&P Sports World Inc. as the tenant and AK3 Imports, owned by Anita Ivaturi, as the landlord.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$286,596.98
Total Lease Value
$2,865,969.83
Net Landlord Cash Flow$286,596.98
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