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1001 Roosevelt Ave Carteret...

Architextural Leases Industrial Space At 1001 Roosevelt Ave In Carteret, NJ
LEASEDIndustrial

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

Jordan Metz

Bussel Realty

Broker

$140.7M

vol

38 deals

Broker
Seagis Property Group
Seagis Property GroupLandlord

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