Bussel Realty Leases Industrial Outdoor Storage In Delran To Transmaster At 79 Hartford Road
79 Hartford Road
Building Size
—
Asset Type
Industrial
Closing
May 8, 2024
AI
79 Hartford Road in Delran comprises seven acres of industrial outdoor storage property leased to Transmaster, an auto repair business. The property boasts ample parking and storage space, strategically located with easy access to Route 130, Interstate 295, and the New Jersey Turnpike, meeting the demand for conveniently situated sites in the industrial outdoor storage market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Landlord: Criterion Group
- Tenant: Transmaster
- Brokers: Anthony Rittwager & Matthew Phillips - Bussel Realty
Bussel Realty Corp's brokers, Anthony Rittwager and Matthew Phillips, played a key role in facilitating the lease deal between Criterion Group and Transmaster at 79 Hartford Road. The property's strategic location and features, combined with the increasing demand from trailer fleets and construction suppliers, made it an ideal choice for Transmaster to serve its clientele efficiently in the New Jersey-Philadelphia metro area markets.
Players
Delran 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