Anthony Basile Of Alcamo Capital Leases 150,272 Square Feet To CEVA Logistics In Lawrence Township
40 Enterprise Avenue
Building Size
150,272 SF
Asset Type
Industrial
Closing
Jan 23, 2025
AI
The property asset involved in the transaction is an industrial facility located at 40 Enterprise Avenue, Lawrence Township. This newly developed warehouse spans 150,272 square feet within a total of 261,646 square feet, highlighting modern facility features with sustainability considerations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Anthony Basile - Alcamo Capital
- Tenant: Mathieu Friedberg - CEVA Logistics
- Landlord's Representative: J.C. Giordano, John Gianis, Judy Troiano, Matthew C. Turse, Timothy Cadigan & Stephen Gianis - Avison Young
- Tenant's Representative: Chris Carragher, Craig Engelhardt, Kyle Eaton & Thomas Carragher - Newmark
This lease arrangement involves CEVA Logistics occupying the space, a strategic move within the competitive logistics market of the area, with remaining space also available for lease in the newly developed facility.
Players
Trenton 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