Amazing Savings Leases 173,475 Square Feet At Brookfield Properties In Mine Hill, New Jersey
128 Iron Mountain Road
Building Size
173,475 SF
Asset Type
Industrial
Closing
Jul 20, 2026
AI
The asset involved in this lease transaction is an industrial property located at 128 Iron Mountain Road in Mine Hill, NJ, encompassing a total square footage of 173,475. The property is managed by Brookfield Properties.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Lease Terms: Long-term
- Landlord: Brookfield Properties
- Tenant: Sam Friedland - Amazing Savings
- Landlord's Representatives: Drew Maffey, Rick Marchisio, Will Ziegler, Joe Komitor & Matt Esposito - Lee & Associates
- Tenant's Representatives: Tom Consiglio & Scott Peck - Resource Realty
This lease establishes a new logistics hub for Amazing Savings, supporting its operational expansion. Resource Realty represented the tenant, while Lee & Associates represented the landlord in this transaction.
Players
Mine Hill 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