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.
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