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Eastern Coach Co. Leases 160,000 Sq Ft Industrial Building In Union, NJ

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LEASED
$23

New Jersey

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Industrial160,000 SF
Leased 05/17/2023
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LEASED

Eastern Coach Co. Leases 160,000 Sq Ft Industrial Building In Union, NJ

601 Lehigh Avenue

See Similar Deals
Industrial160,000 SF
Leased 05/17/2023
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$23
Total Square Footage:160,000 SF
Transaction Type:Lease

Eastern Coach Co. has leased the entire 160,000-square-foot industrial building located at 601 Lehigh Ave. in Union, New Jersey. The property, owned by 601 Lehigh Avenue LLC, was leased at an asking rent of $23 per square foot. The strategic location near Port Newark/Elizabeth and the New Jersey Turnpike, combined with functional warehouse space and ample parking, made it an attractive choice for Eastern Coach Co.'s bus and coach business.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Date: 05/17/2023
  • Address: 601 Lehigh Avenue
  • Market: Union

The landlord's representatives for this lease deal were Jordan Metz, Eric Koons, and Benito Abbate from Bussel Realty Corp. They facilitated the negotiation and finalization of the lease agreement on behalf of 601 Lehigh Avenue LLC. The tenant, Eastern Coach Co., was represented by Lee & Associates.

Players

Jordan Metz
38 deals$140.7M volume
BROKER

Eric Koons
Bussel Realty
14 deals$39.9M volume
BROKER

Benito Abbate
Bussel Realty
20 deals$7.6M volume(908) 655-8331
BROKER

Details

LEASED
IMAGE: Jordan Metz, Eric Koons & Benito Abbate DATE: 05/17/2023 ADDRESS: 601 Lehigh Avenue MARKET: Union ASSET TYPE: Industrial LANDLORD: 601 Lehigh Avenue LLC TENANT: Eastern Coach Co. LANDLORD'S REP: Jordan Metz, Eric Koons & Benito Abbate - Bussel Realty Corp (@BusselRealty) TENANT'S REP: Lee & Associates (@LeeAssociatesNJ) ASKING RENT: $23/ft. ~ SF: 160,000 NOTE: Eastern Coach Co. has leased the entire 160,000-square-foot industrial building located at 601 Lehigh Ave. in Union, New Jersey, according to Bussel Realty Corp. The strategic location near Port Newark/Elizabeth and the New Jersey Turnpike, combined with functional warehouse space and ample parking, made it an attractive choice for Eastern Coach Co.'s bus and coach business.

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Deal Type
Effective Rent (Annual)

$4,218,707.59

Total Lease Value

$42,187,075.87

Net Landlord Cash Flow$4,218,707.59