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340 South Stiles Street

I Haul Associates Signs Single Net Lease For 90,174 SF Industrial Space In Linden
LEASEDIndustrial

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

Troy Wisse

Lee & Associates

Broker

$29.5M

vol

5 deals

Broker
Seagis Property Group
Seagis Property GroupLandlord

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