Updated Oct 29, 2024
The Gradus Group LLC Leases 76640 Square Feet At 140 South Ave South Plainfield From Teitelbaum Partners LP
140 South Ave, South Plainfield, NJ, 0...
Building Size
76,640 SF
Asset Type
Warehouse
Closing
Nov 19, 2023
About this deal
AI
The lease transaction involves a property located at 140 South Ave, South Plainfield, NJ, encompassing a total area of 76,640 square feet. The market for this property is South Plainfield, and it is associated with the landlord Teitelbaum Partners LP.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 140 South Ave, South Plainfield, NJ
- Market: South Plainfield
- Square Feet: 76,640
- Tenant: The Gradus Group LLC
- Landlord: Teitelbaum Partners LP
- Tenant's Representative: Chaim Weiss - Imperial Real Estate Agency
- Landlord's Representatives: Earl Lapides, John Cascio - Bussel Realty Corp.
The transaction reflects the collaboration of various representatives, with Chaim Weiss acting on behalf of The Gradus Group LLC, while Earl Lapides and John Cascio represent Teitelbaum Partners LP through Bussel Realty Corp. This structured representation highlights the involvement of experienced brokers in the lease agreement.
Players
South Plainfield Warehouse Market Snapshot
Boundary boundary · Warehouse · 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