Aramsco Inc. Leases 117,000 SF Industrial Space At Logan Township's Logan North
301 Crossroads Blvd
Building Size
117,000 SF
Asset Type
Industrial
Closing
Mar 6, 2024
AI
The industrial property located at 301 Crossroads Boulevard in Bridgeport spans 117,000 square feet. This Class A logistics facility leased by Aramsco Inc. is situated in Logan Township's industrial development complex, Logan North. The prime location of the site provides easy access to major transportation infrastructure, along with close proximity to ports and the Philadelphia International Airport.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Alex Motiuk & Alex Cocoziello - Greek Real Estate Partners; Advance Realty Investors
- Tenant: Rich Salerno - Aramsco Inc.
- Landlord's Rep: Dean Torosian, Matt Kemery, Nate Demetsky & Paul Torosian - JLL
- Tenant's Rep: Brando Casalicchio, Colin Flynn & David Ricci - The Flynn Company; Ryan Bowie - ICON Commercial
The deal involved in this transaction showcases the involvement of various key individuals and companies. Noteworthy representatives include Dean Torosian, Matt Kemery, Nate Demetsky, and Paul Torosian from JLL, overseeing the landlord's interests, while Brando Casalicchio, Colin Flynn, and David Ricci from The Flynn Company, along with Ryan Bowie from ICON Commercial, represented the tenant, Rich Salerno of Aramsco Inc.
Players
Bridgeport 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