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2 Jill Court

Bluestar Direct LLC Expands Lease At Hillsborough Business Center With Larken Associates
LEASEDIndustrial

Bluestar Direct LLC Expands Lease At Hillsborough Business Center With Larken Associates

2 Jill Court

Building Size

13,500 SF

Asset Type

Industrial

Closing

May 9, 2024

AI

The property involved in the lease transaction is located at 2 Jill Court in Hillsborough, spanning 13,500 square feet. David Gardner from Larken Associates serves as the landlord, while Swaroop Khandagale of Bluestar Direct LLC is the tenant. The lease expansion took place at the Hillsborough Business Center, offering space for roasting, packaging, and office activities.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 2 Jill Court
  • Market: Hillsborough
  • Landlord: David Gardner - Larken Associates
  • Tenant: Swaroop Khandagale - Bluestar Direct LLC
  • Broker: Victor Kelly - Raider Realty

Victor Kelly, representing Raider Realty, played a key role in facilitating the lease agreement between Larken Associates and Bluestar Direct LLC. The transaction showcases the business adaptability and attractiveness of the property within the central New Jersey region, catering to the evolving needs of growing enterprises.

Players

Victor Kelly

Larken Associates

Broker

4 deals

Broker

Hillsborough 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