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1980 Brunswick Pike

Mayrock Group Leases Industrial Property At Crossroads Commerce Center In North Brunswick
LEASEDIndustrial

Mayrock Group Leases Industrial Property At Crossroads Commerce Center In North Brunswick

1980 Brunswick Pike

Building Size

191,481 SF

Asset Type

Industrial

Closing

Apr 30, 2024

AI

The industrial property located at 1980 US Route 1 in North Brunswick spans a total of 191,481 square feet. The site, part of Crossroads Commerce Center, was leased to Mayrock Group, an automotive manufacturer and 3PL provider. It offers built-to-suit office space, a 40-foot clear height, 29 tailboard doors, two drive-in doors, and 31 trailer parking spots.

Summary of transaction details:

Cushman & Wakefield's team played a crucial role in managing the transaction. The team, representing the landlord, Principal Asset Management, included Mindy Lissner, Bill Waxman, Christine Eberle, David Gheriani, Jeff Volpi, and Morgan Nitti. Lissner highlighted the strategic location of Crossroads Commerce Center, underscoring its position as a prime logistics hub in New Jersey's distribution corridor.

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