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140 Centennial Avenue, Pisc...

Alpha Assembly Solutions Leases Industrial Space At 140 Centennial Ave, Piscataway
LEASEDIndustrial

Alpha Assembly Solutions Leases Industrial Space At 140 Centennial Ave, Piscataway

140 Centennial Avenue, Piscataway, New Jersey 08854, United States

Building Size

61,244 SF

Asset Type

Industrial

Closing

Jun 26, 2022

AI

The industrial property located at 140 Centennial Ave in Piscataway has been leased. The transaction took place on 06/27/2022. The property spans a total of 61,244 square feet. The landlord of the property is Ariel Brenner, VP Leasing at Shelbourne Global, while the tenant is Alpha Assembly Solutions.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Asking Rent: $17.75 per square foot
  • Address: 140 Centennial Ave
  • Market: Piscataway

In representing the landlord, William McCaffrey from Avison Young played a key role in the deal. On the other hand, Bill Sitar of Sitar Realty represented the tenant, Alpha Assembly Solutions.

Players

William McCaffrey

Avison Young

Broker

6 deals

Broker
Ariel Brenner

Ariel Brenner

Shelbourne Global

Landlord

2 deals

Landlord
AS
Alpha Assembly SolutionsTenant

Piscataway 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