Updated Oct 29, 2024
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
Carteret 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
1057533.33%
Cash-on-Cash
-302246.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93