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2500 Brunswick Ave Linden, ...

Ben Tire LLC Leases 58,100 SF Industrial Space In Linden At 2500 Brunswick Ave
LEASEDIndustrial

Ben Tire LLC Leases 58,100 SF Industrial Space In Linden At 2500 Brunswick Ave

2500 Brunswick Ave Linden, NJ 07036, USA

$12

$12/SF

Building Size

58,100 SF

Asset Type

Industrial

Closing

Jun 27, 2023

AI

Ben Tire LLC has leased 58,100 square feet at the 2500 Brunswick Ave. industrial complex in Linden. The strategic location and functional building specifications of the complex attracted multiple competing offers.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Asking Rent: $12.50/ft. ~ SF: 58,100
  • Address: 2500 Brunswick Avenue, Linden
  • Market: Linden

The landlord's representatives for the lease transaction at 2500 Brunswick Avenue in Linden were Jordan Metz and Ben Abbate from Bussel Realty. Rich Marchisio from Lee & Associates represented Ben Tire LLC as their tenant's representative.

Players

Jordan Metz

Bussel Realty

Broker

$140.7M

vol

38 deals

Broker

New Jersey 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

1321916.67%

Cash-on-Cash

-377807.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93