I Haul Associates Signs Single Net Lease For 90,174 SF Industrial Space In Linden
340 South Stiles Street
Building Size
90,174 SF
Asset Type
Industrial
Closing
Mar 31, 2026
AI
The property asset involved is an industrial space located at 340 South Stiles Street in Linden, covering 90,174 square feet. The deal is structured as a Single Net Lease and is managed by the landlord, Seagis Property Group.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 340 South Stiles Street
- Market: Linden
- Landlord: Seagis Property Group
- Tenant: I Haul Associates
- Tenant's Representative: Eduardo Lopez, Troy Wisse & Michael Schaible - Lee & Associates
The Schaible Wisse Team successfully represented I Haul Associates in this lease transaction, negotiating favorable terms that included multiple months of free rent as well as a significant tenant improvement allowance. This team specializes in industrial and warehouse real estate across New Jersey, focusing particularly on regions north of Port Newark/Elizabeth.
Players
Linden 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