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
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