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
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