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936 Harrison Avenue

Last-mile Delivery Company Leases 211340 SF Industrial Space At 936 Harrison Avenue Kearny
LEASEDIndustrial

Last-mile Delivery Company Leases 211340 SF Industrial Space At 936 Harrison Avenue Kearny

936 Harrison Avenue

Building Size

211,340 SF

Asset Type

Industrial

Closing

Aug 12, 2025

AI

An industrial lease transaction was completed for a property located at 936 Harrison Avenue in Kearny, involving a total square footage of 211,340. The asset is utilized for last-mile delivery services and represents a significant expansion from a previous 30,000 SF location at Seagis Property Group's facility in Carlstadt.

Summary of transaction details:

The deal involved representation by JLL for Seagis Property Group, while Cushman & Wakefield represented the tenant. This transaction reflects a strategic move by the last-mile delivery company to enhance its operational capacity in the Kearny market.

Players

Robert Kossar

JLL

Broker

$584.4M

vol

9 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
JLL
JLLBrokerage
John Begier

John Begier

Seagis Property Group

Landlord

$519.9M

vol

9 deals

Landlord
Seagis Property Group
Seagis Property GroupLandlord

Kearny 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