Architextural Leases Industrial Space At 1001 Roosevelt Ave In Carteret, NJ
1001 Roosevelt Ave Carteret, NJ 07008, USA
$10
$10/SF
Building Size
8,654 SF
Asset Type
Industrial
Closing
Jul 11, 2023
AI
Architextural has leased 8,654 square feet of industrial space at 1001 Roosevelt Ave in Carteret, New Jersey. The transaction was facilitated by The Metz Industrial Group, representing the landlord Seagis Property Group, in the high-demand New Jersey industrial market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Address: 1001 Roosevelt Avenue
- Market: Carteret
The lease deal for the industrial space at 1001 Roosevelt Ave in Carteret, New Jersey was completed with the assistance of The Metz Industrial Group. Jordan Metz, Eric Koons, and Benito Abbate from Bussel Realty served as the brokers representing Architextural in this transaction. Seagis Property Group, the landlord, enlisted the services of The Metz Industrial Group for their representation in the deal.
Players
New Jersey 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
1586300.00%
Cash-on-Cash
-453369.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93