Industrial 1031 / Sale - Leaseback Opportunity
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.
- 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:
669 River Drive, Suite 201, Elmwood Park, NJ 07407