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865 Newark Avenue

Brookfield Properties Leases 103912 SF Industrial Warehouse At 865 Newark Avenue In Elizabeth
LEASEDIndustrial

Brookfield Properties Leases 103912 SF Industrial Warehouse At 865 Newark Avenue In Elizabeth

865 Newark Avenue

Building Size

103,912 SF

Asset Type

Industrial

Closing

May 1, 2025

AI

An industrial lease transaction took place involving a newly built warehouse at 865 Newark Avenue in Elizabeth, NJ. The property comprises 103,912 square feet in the industrial asset category, indicating a sizeable facility in the market.

Summary of transaction details:

The lease was facilitated by The Blau & Berg Company, where brokers Jason Crimmins, Alessandro Conte, Peter Murano Jr., Dylan Meade, and Troy Schaafsma represented Brookfield Properties. The landlord's team involved Bruce Flatt, Kyle McGrady, Tyler Mordas, Keith Edwards, and Sam Hart.

Players

Peter Murano

The Blau & Berg Company

Broker

9 deals

Broker

Elizabeth 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