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International Third-Party Logistics Provider Leases 478,000-Square-Foot Building In Burlington Industrial Park
LEASED
+ 1
New Jersey
See Similar DealsIndustrial478,000 SF
Leased 02/14/2024
LEASED
International Third-Party Logistics Provider Leases 478,000-Square-Foot Building In Burlington Industrial Park
1620 River Road
See Similar DealsIndustrial478,000 SF
Leased 02/14/2024
+ 1
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:478,000 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$27,398,671.55
Total Lease Value
$273,986,715.54
Net Landlord Cash Flow$27,398,671.55
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