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

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LEASED

New Jersey

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Industrial
Leased 05/08/2024
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LEASED

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

79 Hartford Road

See Similar Deals
Industrial
Leased 05/08/2024
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Summary

NEW JERSEY
Asset Type:Industrial
Transaction Type:Lease

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
3 deals$37M volume
BROKER

Matthew Phillips
The Blau & Berg Company
6 deals
BROKER

Details

LEASED
IMAGE: 05/08/2024 ADDRESS: 79 Hartford Road MARKET: Delran ASSET TYPE: Industrial ~ ACRES: 7 LANDLORD: Criterion Group TENANT: Transmaster BROKERS: Anthony Rittwager & Matthew Phillips - Bussel Realty NOTE: Bussel Realty Corp facilitated a lease for seven acres of industrial outdoor storage property in Delran to an auto repair business, Transmaster, at 79 Hartford Road. Brokers Anthony Rittwager and Matthew Phillips highlighted the property's ample parking and storage space, emphasizing its strategic location with quick access to Route 130, Interstate 295, and the New Jersey Turnpike, catering to the growing demand for conveniently located sites in the IOS (industrial outdoor storage) market. Phillips noted the increasing demand from various users like trailer fleets and construction suppliers, positioning 79 Hartford Road to efficiently serve Transmaster's clientele in the New Jersey-Philadelphia metro area markets.

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Deal Type
Effective Rent (Annual)

$573,193.97

Total Lease Value

$5,731,939.66

Net Landlord Cash Flow$573,193.97