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1950 River Rd, Burlington, ...

TA Realty Leases 486812 Square Feet To LC Logistics Services Inc. In Burlington NJ
LEASEDIndustrial

TA Realty Leases 486812 Square Feet To LC Logistics Services Inc. In Burlington NJ

1950 River Rd, Burlington, NJ, 08016

Building Size

486,812 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

The property involved in this lease transaction is located at 1950 River Rd, Burlington, NJ, 08016. It spans 486,812 square feet and is situated on a 43-acre site. Notable features of the property include a clear height of 36 feet, 86 external loading docks, and parking accommodations for 264 vehicles and 103 trailers.

Summary of transaction details:

  • Property Type: Industrial Lease
  • Transaction Amount: Not specified
  • Address: 1950 River Rd, Burlington, NJ, 08016
  • Market: Burlington
  • Landlord: TA Realty
  • Landlord's Representative: Andrew Landolfi & Brian Knowles - Lee & Associates
  • Tenant: LC Logistics Services Inc.
  • Tenant's Representative: Scott Mertz of NAI Mertz
  • Square Feet: 486,812

The lease negotiations were conducted by representatives from Lee & Associates, including Tony Rod, Brian Knowles, Patrick Lafferty II, and Andrew Landolfi, who represented the landlord, TA Realty. Scott Mertz from NAI Mertz represented the tenant, LC Logistics Services Inc., in this transaction.

Players

Scott Mertz

NAI Global

Broker

$44.9M

vol

15 deals

Broker
Ripco
RipcoBrokerage
TA Realty
TA RealtyLandlord

Burlington 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