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1735 Jersey Avenue

Mitchell Kamps Leases Industrial Property In North Brunswick From Saadia Group
LEASEDIndustrial

Mitchell Kamps Leases Industrial Property In North Brunswick From Saadia Group

1735 Jersey Avenue

Building Size

153,320 SF

Asset Type

Industrial

Closing

Apr 11, 2024

AI

The industrial property located at 1735 Jersey Avenue in North Brunswick spans across 153,320 square feet. The lease for this asset was finalized on 04/11/2024. The landlord, Sean Foster of Saadia Group, entered into an agreement with the tenant, Mitchell Kamps of Kamps Pallets.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Specified
  • Address: 1735 Jersey Avenue
  • Market: North Brunswick
  • Landlord: Sean Foster - Saadia Group
  • Tenant: Mitchell Kamps - Kamps Pallets

The parties involved in the lease transaction were represented by Mindy Lissner from Cushman & Wakefield acting as the landlord's representative. On the other side, the tenant's representation was handled by Edward M. English, Jr., Paul Errigo, and Ronald Ganter from Avison Young, ensuring a smooth and successful deal for both parties.

Players

Mindy Lissner

Cushman & Wakefield

Broker

$111.2M

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