Press Release brought to you by Lee & Associates

Industrial 1031 / Sale - Leaseback Opportunity

06/06/2016

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Lee & Associates is pleased to exclusively offer this absolute net leased industrial / flex investment opportunity located in Mountainside, NJ (the “Property”). The Property serves as the New Jersey headquarters and production center for Digital Color Concepts (“DCC”). DCC will sign a new ten (10) year absolute net lease with annual escalations throughthe term. 

Investment Highlights

  • Absolute Net Lease (Tenant maintains roof and structure)
  • New ten (10) year lease term
  • Web Undies $8.25 per SF / DCC $8.50 per SF ($678,200 Yr. 1 NOI) with escalations
  • PV of $9,268,638 / IRR 9.11% / 7.54% Yr. 1 Cap Rate
  • Annual Escalations
  • Affluent submarket attracts key decision makers
  •  Both buildings offer potential expansion; fully air-conditioned
  • Well located within northern New Jersey’s stable industrial market
  •  Over $1.5MM of recent improvements on 256 Sheffield St. including a new roof & solar panels
  • Improvements of over $1.7MM recently completed at 270 Sheffield St. including a new roof, 25 tons of HVAC and a newly demised unit of 18,000 SF. 

For Information, please contact:
Jason Lynch
Office: 973-475-7054
Cell: 732-742-8672

Doug Graffney
Office: 973-406-2494
Cell: 973-215-4196

669 River Drive, Suite 201, Elmwood Park, NJ 07407

06/06/2016 - 05:00

Source

Lee & Associates

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