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24 Van Dyke Avenue

Wick Companies Leases Industrial Space To Protek Solutions At 24 Van Dyke Avenue
LEASEDIndustrial

Wick Companies Leases Industrial Space To Protek Solutions At 24 Van Dyke Avenue

24 Van Dyke Avenue

$16

$16/SF

Building Size

17,838 SF

Asset Type

Industrial

Closing

Jan 6, 2026

AI

The property involved in this lease transaction is an industrial asset located at 24 Van Dyke Avenue in the New Brunswick market. The lease specifies a gross lease type with an asking rent of $20 per square foot for a total area of 17,838 square feet.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $20/ft
  • Lease Type: Gross Lease
  • Landlord: Wick Companies
  • Tenant: Protek Solutions
  • Broker: Jack Zalta - KSR

The key individuals and companies involved in this transaction include the landlord, Wick Companies, and the tenant, Protek Solutions. The lease was facilitated by broker Jack Zalta from KSR, representing the interests of the parties in this deal.

Players

Jack Zalta

Kassin Sabbagh Realty

Broker

$173.6M

vol

23 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

New Brunswick 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

991437.50%

Cash-on-Cash

-283355.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93