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:
- Property Type: Office Complex
- Transaction Amount: Undisclosed
- Address: 1200 Wall St W, Lyndhurst, NJ, 07071
- Market: Lyndhurst
- Seller's Representative: Kevin Welsh-Newmark, Daniel Reider-Newmark Knight Frank, Jason Emrani-Newmark
- Buyer: Link Industrial Properties
- Seller: 1200 Wall Holdings LLC
- Site Size: 8 acres
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
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