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1111 Jefferson Avenue

Industrial Lease Secured At 1111 Jefferson Avenue In Elizabeth By William F. Connors III
LEASEDIndustrial

Industrial Lease Secured At 1111 Jefferson Avenue In Elizabeth By William F. Connors III

1111 Jefferson Avenue

Building Size

14,800 SF

Asset Type

Industrial

Closing

May 24, 2024

AI

An industrial building located at 1111 Jefferson Avenue in Elizabeth has secured a lease deal for nearly 15,000 square feet. The property features 15-foot ceiling heights, 2,000 square feet of office space, and two shared tailgates. Conveniently situated about a half-mile from Newark Avenue and Route 1&9, this industrial space offers ample amenities for the tenant.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Address: 1111 Jefferson Avenue
  • Market: Elizabeth
  • Square Footage: 14,800

The lease deal was facilitated by The William F Connors Agency, with William F. Connors III serving as the sole broker representing the parties involved in the transaction. The tenant set to occupy the industrial building will benefit from the strategic location and various features offered by the property.

Players

William F. Connors III

William F. Connors Agency

Broker

2 deals

Broker

Elizabeth 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