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
Carteret Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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