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1200 Milik St Carteret, NJ ...

Updated Oct 29, 2024

LEASEDIndustrial

CenterPoint Properties Leases Industrial Property In Carteret, NJ

1200 Milik St Carteret, NJ 07008, USA

$15

$15/SF

Building Size

150,000 SF

Asset Type

Industrial

Closing

May 23, 2023

About this deal

AI

The industrial property located at 1200 Milik Street in Carteret has recently been leased. The property spans approximately 150,000 square feet and features a market value of $15.95 per square foot. The lease transaction was facilitated by CenterPoint Properties, who represented the landlord, and KBC Advisors, who served as the landlord's representative. The tenant, represented by Jordan Metz of The Metz Industrial Group and Bussel Realty Corp, secured the lease agreement.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Address: 1200 Milik Street
  • Market: Carteret
  • Landlord: CenterPoint Properties
  • Landlord's Representative: KBC Advisors
  • Tenant's Representative: Jordan Metz - The Metz Industrial Group - Bussel Realty Corp
  • Asking Rent: $15.95/ft.
  • Square Footage: 150,000

Jordan Metz, representing the tenant, played a key role in securing the lease agreement for the industrial property at 1200 Milik Street. The involvement of The Metz Industrial Group and Bussel Realty Corp as tenant representatives highlights their expertise in the industrial real estate market.

Players

Jordan Metz

Bussel Realty

Broker

$173.1M

vol

46 deals

Broker
CenterPoint Properties
CenterPoint PropertiesLandlord

Carteret Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Deal FAQ

About $15 per square foot on a published $15 for 150,000 square feet (2023).

Visit Jordan Metz to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1057533.33%

Cash-on-Cash

-302246.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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