Updated Dec 4, 2024
Romeo & Layla Warehousing Leases 70,000 SF Industrial Space At 2500 Emrick Blvd In Bethlehem, PA
2500 Emrick Boulevard
Building Size
70,000 SF
Asset Type
Industrial
Closing
Feb 1, 2024
About this deal
AI
An industrial lease for a 70,000-square-foot property located at 2500 Emrick Boulevard in Bethlehem, PA has been secured by Zimmel Associates on behalf of Romeo & Layla Warehousing. The lease term spans seven years, and the property is owned by J.G. Petrucci Co. The industrial asset is situated in the Lehigh Valley market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Address: 2500 Emrick Boulevard
- Market: Bethlehem, PA
- Square Footage: 70,000
Zimmel Associates, represented by David Zimmel, successfully facilitated the lease agreement. Jim Petrucci of J.G. Petrucci Co. serves as the landlord for the property. No additional details were provided regarding the transaction.
On the Map
Industrial
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Bethlehem 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93