Updated Feb 14, 2025
Coastal Suburban Supply & Distribution Signs Long-Term Lease For 41000 SF Industrial Facility In Lakewood
735 Airport Road
Building Size
41,000 SF
Asset Type
Industrial
Closing
Feb 11, 2025
About this deal
AI
The industrial asset located at 735 Airport Road in Lakewood encompasses a total square footage of 41,000. This facility includes a two-story mezzanine and outdoor storage, catering to the operational needs of its tenant.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Lease Term: Long-term
- Tenant: Carl Del Pizzo - Coastal Suburban Supply & Distribution
- Broker: Doug Twyman - Colliers
Doug Twyman from Colliers acted as the broker for the lease agreement, facilitating the arrangement for Coastal Suburban Supply & Distribution as they expand within a competitive industrial market.
On the Map
Industrial
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Players
Lakewood 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