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
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