Updated May 12, 2025
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 72 Veronica Avenue
- Market: Somerset
- Landlord: John Sullivan & Michael Ventura - Veronica Development Association
- Tenant: Infinity Fragrances LLC
- Landlord's Representative: Anthony Mircovich & Gregory Irving - Bussel Realty
- Tenant's Representative: Antonio DeCicco - Re/Max Style Realty
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.
On the Map
Industrial
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Players
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