Market Gauge Asset Management Leases 120000 Square Feet At 205 Campus Dr Kearny From Hugo Neu
205 Campus Dr, Kearny, NJ, 07032
Building Size
120,000 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 205 Campus Dr, Kearny, NJ, 07032, within the Kearny market. It encompasses a total square footage of 120,000 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Market Gauge Asset Management
- Tenant's Representative: Dean Brody - JLL
- Landlord: Hugo Neu
The transaction features representatives from Market Gauge Asset Management and JLL, with Dean Brody acting as the tenant's representative, facilitating the lease agreement on behalf of the tenant. The landlord of the property is Hugo Neu.
Players
Kearny 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