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
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