Just Born LLC Leases 75,000 Sqft Industrial Space In Allentown, Pennsylvania
4444 Innovation Way Allentown, PA 18109, USA
$12
$12/SF
Building Size
75,000 SF
Asset Type
Industrial
Closing
Aug 1, 2023
AI
Confectionery company Just Born LLC has recently leased a 75,000-square-foot industrial space located at 4444 Innovation Way in Allentown, Pennsylvania's Lehigh Valley. The facility, situated on 25 acres of land, offers manufacturing and storage space, catering to Just Born LLC's needs for its popular brands such as Peeps, Mike & Ike, and Hot Tamales.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 4444 Innovation Way, Allentown, Pennsylvania
- Market: Allentown, Pennsylvania
- Tenant: Just Born LLC - Peeps, Mike & Ike and Hot Tamales
- Brokers: Mike Adams & Sarah Finney Miller - NAI Summit
- Asking Rent: $12.50/ft.
- Square Footage: 75,000
This lease transaction was facilitated by brokers Mike Adams and Sarah Finney Miller from NAI Summit. They played a crucial role in connecting Just Born LLC with the industrial space at 4444 Innovation Way in Allentown. The lease agreement serves as a strategic move for Just Born LLC to secure a suitable location for their confectionery manufacturing and storage needs.
Players
Allentown 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
1321916.67%
Cash-on-Cash
-377807.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93