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1200 Wall St W, Lyndhurst, ...

Link Industrial Properties Acquires Property At 1200 Wall St W Lyndhurst With Seller's Reps Kevin Welsh Daniel Reider Jason Emrani
SOLDOffice

Link Industrial Properties Acquires Property At 1200 Wall St W Lyndhurst With Seller's Reps Kevin Welsh Daniel Reider Jason Emrani

1200 Wall St W, Lyndhurst, NJ, 07071

Building Size

186,846 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in the transaction is located at 1200 Wall St W, Lyndhurst, NJ, 07071. This office complex spans a total of 186,846 square feet and is situated off Route 3. The site is earmarked for redevelopment into a new 110,000-square-foot industrial building.

Summary of transaction details:

The transaction features key individuals including Brian Schulz, a managing director with Newmark Knight Frank and part of the tristate capital markets team, as well as Dan Reider from the firm’s leasing team, who contributed to the deal's success. Link Industrial Properties, which operates under Blackstone, indicates plans to develop a "last touch" warehouse and distribution center at the newly acquired site.

Players

Kevin Welsh

Newmark

Broker

$1.1B

vol

21 deals

Broker
LP
Link Industrial PropertiesBuyer

Lyndhurst Office Market Snapshot

Boundary boundary · Office · Sale 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