Meiya Capital Inc Leases 109,000 SF Industrial Space In North Brunswick
1665 Jersey Avenue
Building Size
109,000 SF
Asset Type
Industrial
Closing
Jun 27, 2024
AI
The industrial property located at 1665 Jersey Avenue in North Brunswick, spanning 109,000 square feet, was recently involved in a lease transaction. This significant space is strategically situated near major roadways such as Route 1 and the New Jersey Turnpike.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 1665 Jersey Avenue
- Market: North Brunswick
- Landlord: Pioneer Commodities USA LLC
- Tenant: Meiya Capital Inc
- Broker: Eric Koons - Bussel Realty
Facilitating the sublease of the 109,000 square feet at 1665 Jersey Avenue, Eric Koons of Bussel Realty Corp. played a pivotal role in helping Meiya Capital Inc. secure this expansion. The location's proximity to key transportation routes supports Meiya's operational growth and enhances its customer service initiatives.
Players
North Brunswick 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