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1735 Jersey Avenue

Cushman & Wakefield Represents Luxe Event Rentals In 7-Year Lease At 1735 Jersey Avenue, North Brunswick Industrial Space
LEASEDIndustrial

Cushman & Wakefield Represents Luxe Event Rentals In 7-Year Lease At 1735 Jersey Avenue, North Brunswick Industrial Space

1735 Jersey Avenue

$14

$14/SF

Building Size

195,782 SF

Asset Type

Industrial

Closing

Oct 23, 2023

AI

The industrial property located at 1735 Jersey Avenue in North Brunswick has been leased. The property covers an area of 195,782 square feet and was leased for a term of 7 years and 2 months. The asking rent for the property was $14 per square foot.

Summary of transaction details

The leasing transaction was facilitated by the brokerage firm Cushman & Wakefield, with Morgan Nitti, Chris Griffith, Mindy Lissner, Chuck Fern, and Jason Barton representing the parties involved.

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

1133071.43%

Cash-on-Cash

-323835.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93