E-ZCARGO Inc. Leases Industrial Property In Old Bridge With 43,159 SF
3220 Bordentown Avenue
Building Size
43,159 SF
Asset Type
Industrial
Closing
Mar 26, 2024
AI
An industrial property located at 3220 Bordentown Ave. in Old Bridge was recently leased by E-ZCARGO Inc. The property spans 43,159 square feet and includes over four acres of industrial outside storage, providing convenient access to major transportation hubs.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 3220 Bordentown Avenue
- Market: Old Bridge
- Tenant: E-ZCARGO Inc.
- Landlord's Rep: Jonathan Glick & Matthew Leonelli - Sheldon Gross Realty
- Tenant's Rep: Bussel Realty Corporation
Sheldon Gross Realty and Bussel Realty Corporation played instrumental roles in facilitating the deal between E-ZCARGO Inc. and the industrial property owner. Jonathan Glick, Matthew Leonelli, and the Bussel Realty Corporation team were pivotal in ensuring the successful leasing of the property at 3220 Bordentown Ave.
Players
Old Bridge 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