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
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