Armstrong Logistics Expands With 157,823 SF Industrial Lease In Edgewater & Edison
250 Carter Drive Edison, New Jersey 08817, Usa
Building Size
157,823 SF
Asset Type
Industrial
Closing
Jun 23, 2023
AI
NAI Mertz facilitated industrial distribution leases totaling 157,823 square feet for Armstrong Logistics in Edgewater and Edison. The leased properties are located at 801 Bridgeboro Road and 250 Carter Drive. This expansion allows Armstrong Logistics to meet client demands and further establish its presence in the logistics industry.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 801 Bridgeboro Road & 250 Carter Drive
- Market: Edgewater & Edison
- Tenant: Armstrong Logistics
- Broker: Scott Mertz - NAI Mertz
Scott Mertz of NAI Mertz played a crucial role as the broker representing Armstrong Logistics in these leases. This successful transaction demonstrates Armstrong Logistics' commitment to meeting the needs of its clients and expanding its presence in the logistics industry.
Players
New Jersey 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