Major Tempered Glass LLC Leases Industrial Property In Keasbey From 300 Smith Street Associates
300 Smith Street
Building Size
—
Asset Type
Industrial
Closing
Jun 20, 2024
AI
The industrial property at 300 Smith Street in Keasbey has been leased by Major Tempered Glass LLC for their manufacturing operations. The property spans 53,550 square feet and is strategically located near major northern New Jersey and New York City markets, ports, and transportation links.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 300 Smith Street
- Market: Keasbey
- Landlord: 300 Smith Street Associates
- Tenant: Major Tempered Glass LLC
- Brokers: Benito Abbate, David Blitt, David Paster, James Friel, Jordan Metz & Eli Harari- Bussel Realty
The relocation of Major Tempered Glass LLC from New York to New Jersey was facilitated by the Metz Industrial Group of Bussel Realty Corp. This move was emphasized due to the property's advantageous proximity to key markets and transportation hubs in the region.
Players
Keasbey 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