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100 Middlesex Avenue

Bay Speed Leases 65817 SF Industrial Space At 100 Middlesex Avenue In Carteret New Jersey
LEASEDIndustrial

Bay Speed Leases 65817 SF Industrial Space At 100 Middlesex Avenue In Carteret New Jersey

100 Middlesex Avenue

Building Size

65,817 SF

Asset Type

Industrial

Closing

Jun 3, 2025

AI

The industrial property located at 100 Middlesex Avenue encompasses a total area of 65,817 square feet within the Carteret market. The building is part of a larger 416,000 square foot facility situated on a 16.9-acre site. Details regarding the landlord in this transaction have not been disclosed.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 100 Middlesex Avenue
  • Market: Carteret
  • Tenant: Bay Speed
  • Brokers: Robert Loderstedt, Haylee McCabe, Kyle Eaton & Michael Schipper - Newmark

Bay Speed has successfully signed a lease for the entirety of the 65,817 square feet at the specified location. The deal was represented by the brokerage firm Newmark, which played a pivotal role in facilitating this lease agreement.

Players

Robert Loderstedt

Newmark

Broker

$7.3M

vol

5 deals

Broker

Carteret 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