Updated Dec 4, 2024
International Third-Party Logistics Provider Leases 478,000-Square-Foot Building In Burlington Industrial Park
1620 River Road
Building Size
478,000 SF
Asset Type
Industrial
Closing
Feb 14, 2024
About this deal
AI
An international third-party logistics provider leased a 478,000-square-foot building located at 1620 River Road in Burlington Industrial Park, Burlington. The property is an industrial asset with a total area of 478,000 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 1620 River Road
- Market: Burlington
- Square Footage: 478,000
The tenant's representatives for this deal were Drew Maffey, Michael Lee, and Rick Marchisio of Lee & Associates. They facilitated the lease agreement on behalf of the logistics provider. Nate Demetsky, from JLL, represented the landlord in the transaction.
On the Map
Industrial
View full map
Players
Burlington Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Deal FAQ
Browse Burlington industrial leases on Traded.
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