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601 Lehigh Ave, Union, Nj 0...

Easton Coach Co. Leases 160,000-SF Industrial Property In Union, NJ
LEASEDIndustrial

Easton Coach Co. Leases 160,000-SF Industrial Property In Union, NJ

601 Lehigh Ave, Union, Nj 07083

$23

$23/SF

Building Size

160,000 SF

Asset Type

Industrial

Closing

May 31, 2023

AI

Ground transportation services provider Easton Coach Co. has fully leased a 160,000-square-foot industrial property in Union, NJ at 601 Lehigh Avenue. The property, which has been vacant since 2021, was represented by Lee & Associates and Bussel Realty in the lease transaction. The asking rent for the property was $23 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 601 Lehigh Avenue, Union, NJ
  • Market: Union

Easton Coach Co. leased the 160,000-square-foot industrial property located at 601 Lehigh Avenue in Union, NJ. The lease transaction was facilitated by Jordan Metz and Eric Koons from Bussel Realty, representing the landlord, and Joseph Komitor and Scott Deutchman from Lee & Associates, representing the tenant, Easton Coach Co.

Players

Jordan Metz

Bussel Realty

Broker

$140.7M

vol

38 deals

Broker

New Jersey 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

689695.65%

Cash-on-Cash

-197117.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93