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79 Hartford Road

Bussel Realty Leases Industrial Outdoor Storage In Delran To Transmaster At 79 Hartford Road
LEASEDIndustrial

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:

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

Anthony Rittwager

Bussel Realty

Broker

$37M

vol

3 deals

Broker

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