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1665 Jersey Avenue

Meiya Capital Inc Leases 109,000 SF Industrial Space In North Brunswick
LEASEDIndustrial

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

Eric Koons

Bussel Realty

Broker

$39.9M

vol

14 deals

Broker

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