Updated Oct 29, 2024
Ross Industries Leases 57722 Square Feet To Izzy Trucking & Rigging In Edison NJ
125 Jackson Ave, Edison, NJ, 08837
Building Size
57,722 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
An industrial lease has been negotiated for a property located at 125 Jackson Ave, Edison, NJ, 08837, encompassing a total area of 57,722 square feet. The building on this site, originally constructed in 1957 and renovated in 1997, is situated in the Edison market, which is a southwestern suburb of New York City.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not specified
- Square Footage: 57,722
- Address: 125 Jackson Ave, Edison, NJ, 08837
- Market: Edison
- Landlord: Ross Industries
- Tenant: Izzy Trucking & Rigging
- Landlord's Representatives: Matthew Leonelli, Jonathan Glick of Sheldon Gross Realty
- Tenant's Representative: Greg Irving of Bussel Realty Corp.
This transaction involved the leasing of additional warehousing space by Izzy Trucking & Rigging, which is headquartered in Edison. Sheldon Gross Realty played a crucial role in representing the landlord, ensuring the lease negotiations were effectively conducted.
Players
Edison 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