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72 Veronica Avenue

Infinity Fragrances LLC Leases 25000 Square Feet Industrial Space From John Sullivan And Michael Ventura
LEASEDIndustrial

Infinity Fragrances LLC Leases 25000 Square Feet Industrial Space From John Sullivan And Michael Ventura

72 Veronica Avenue

Building Size

25,000 SF

Asset Type

Industrial

Closing

Mar 19, 2025

AI

The property involved in this transaction is an industrial asset located at 72 Veronica Avenue in Somerset. It has a total square footage of 25,000. The landlords for this lease are John Sullivan and Michael Ventura, representing Veronica Development Association.

Summary of transaction details:

Infinity Fragrances LLC has secured a lease for the industrial space at the specified address. The landlord was represented by Anthony Mircovich and Gregory Irving of Bussel Realty Corp., while the tenant was represented by Antonio DeCicco from RE/MAX Style Realty.

Players

Gregory Irving

Bussel Realty

Broker

$38.1M

vol

7 deals

Broker

Somerset 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