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3220 Bordentown Avenue

E-ZCARGO Inc. Leases Industrial Property In Old Bridge With 43,159 SF
LEASEDIndustrial

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

Matthew Leonelli

Broker

$11.7M

vol

12 deals

Broker

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