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40 Enterprise Avenue

Anthony Basile Of Alcamo Capital Leases 150,272 Square Feet To CEVA Logistics In Lawrence Township
LEASEDIndustrial

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:

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

Thomas Carragher

Newmark

Broker

3 deals

Broker
Kislak
KislakBrokerage

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