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7001 Anpesil Dr

ReadySpaces Leases 82,000 SF Industrial Property In North Bergen, NJ With Broker William F. Connors Agency
LEASEDIndustrial

ReadySpaces Leases 82,000 SF Industrial Property In North Bergen, NJ With Broker William F. Connors Agency

7001 Anpesil Dr

Building Size

82,000 SF

Asset Type

Industrial

Closing

Oct 20, 2023

AI

Co-warehousing firm ReadySpaces has expanded its operations by leasing 82,000 square feet of space at 7001 Anpesil Drive in North Bergen. The property, with a total area of 210,000 square feet, offers ample space for ReadySpaces to accommodate its growing business needs.

Summary of Transaction Details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Property Size: 82,000 square feet
  • Address: 7001 Anpesil Drive, North Bergen
  • Market: North Bergen

The lease transaction was facilitated by the William F. Connors Agency, with William F. Connors III representing the ownership of the property. ReadySpaces, led by Jon Zimmerman, chose this location to meet its requirement for additional space. This leasing agreement allows ReadySpaces to expand its operations and cater to the demands of its clients efficiently.

Players

William F. Connors III

William F. Connors Agency

Broker

2 deals

Broker
R
ReadySpacesTenant

North Bergen 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