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
New Jersey Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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