{"id":393,"date":"2016-06-06T15:23:17","date_gmt":"2016-06-06T15:23:17","guid":{"rendered":"https:\/\/www.lee-associates.com\/wbe-dev\/?p=393"},"modified":"2017-06-19T16:36:20","modified_gmt":"2017-06-19T16:36:20","slug":"industrial-1031-sale-leaseback-opportunity","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/wbe\/2016\/06\/06\/industrial-1031-sale-leaseback-opportunity\/","title":{"rendered":"Industrial 1031 \/ Sale &#8211; Leaseback Opportunity"},"content":{"rendered":"<p>Lee &amp; Associates is pleased to exclusively offer this absolute net leased industrial \/ flex investment opportunity located in Mountainside, NJ (the \u201cProperty\u201d).\u00a0The Property serves as the New Jersey headquarters and production center for\u00a0Digital Color Concepts (\u201cDCC\u201d).\u00a0DCC will sign a new ten (10) year absolute net lease with annual escalations through the term.<\/p>\n<p><a href=\"https:\/\/vimeo.com\/169245363\">Watch presentation here<\/a> !<\/p>\n<p><strong>Investment Highlights<\/strong><\/p>\n<ul>\n<li>Absolute Net Lease (Tenant maintains roof and structure)<\/li>\n<li>New ten (10) year lease term<\/li>\n<li>Web Undies $8.25 per SF \/ DCC $8.50 per SF ($678,200 Yr. 1 NOI) with escalations<\/li>\n<li>PV of $9,268,638 \/ IRR 9.11% \/ 7.54% Yr. 1 Cap Rate<\/li>\n<li>Annual Escalations<\/li>\n<li>Affluent submarket attracts key decision makers<\/li>\n<li>Both buildings offer potential expansion; fully air-conditioned<\/li>\n<li>Well located within northern New Jersey\u2019s stable industrial market<\/li>\n<li>Over $1.5MM of recent improvements on 256 Sheffield St. including a new roof &amp; solar panels<\/li>\n<li>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.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>For Information, please contact:<\/strong><br \/>\nJason Lynch<br \/>\nOffice: 973-475-7054<br \/>\nCell: 732-742-8672<\/p>\n<p>Doug Graffney<br \/>\nOffice: 973-406-2494<br \/>\nCell: 973-215-4196<\/p>\n<p>669 River Drive, Suite 201, Elmwood Park, NJ 07407<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lee &amp; Associates is pleased to exclusively offer this absolute net leased industrial \/ flex investment opportunity located in Mountainside, NJ (the \u201cProperty\u201d).\u00a0The Property serves as the New Jersey headquarters and production center for\u00a0Digital Color Concepts (\u201cDCC\u201d).\u00a0DCC will sign a new ten (10) year absolute net lease with annual escalations through the term. Watch presentation here ! Investment Highlights Absolute Net Lease (Tenant maintains roof and structure) New ten (10) year lease term Web Undies&#8230;<\/p>\n","protected":false},"author":37,"featured_media":372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Industrial 1031 \/ Sale - Leaseback Opportunity - WBE Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/wbe\/2016\/06\/06\/industrial-1031-sale-leaseback-opportunity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial 1031 \/ Sale - Leaseback Opportunity\" \/>\n<meta property=\"og:description\" content=\"Lee &amp; Associates is pleased to exclusively offer this absolute net leased industrial \/ flex investment opportunity located in Mountainside, NJ (the \u201cProperty\u201d).\u00a0The Property serves as the New Jersey headquarters and production center for\u00a0Digital Color Concepts (\u201cDCC\u201d).\u00a0DCC will sign a new ten (10) year absolute net lease with annual escalations through the term. 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