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301 Crossroads Blvd

 Aramsco Inc. Leases 117,000 SF Industrial Space At Logan Township's Logan North
LEASEDIndustrial

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:

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

Paul Torosian

JLL

Broker

$259M

vol

3 deals

Broker

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