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
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