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205 Campus Dr, Kearny, NJ, ...

Market Gauge Asset Management Leases 120000 Square Feet At 205 Campus Dr Kearny From Hugo Neu
LEASEDIndustrial

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

Dean Brody

JLL

Broker

2 deals

Broker
Hugo Neu Realty Management LLC
Hugo Neu Realty Management LLCBrokerage

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