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2500 Emrick Boulevard

Romeo & Layla Warehousing Leases 70,000 SF Industrial Space At 2500 Emrick Blvd In Bethlehem, PA
LEASEDIndustrial

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

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.

Players

David Zimmel

Zimmel Associates

Broker

$181.4M

vol

15 deals

Broker

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