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620 Gotham Parkway

Oliver Street Capital Leases 30,283 SF Industrial Space In Carlstadt To The Lab Fabrication
LEASEDIndustrial

Oliver Street Capital Leases 30,283 SF Industrial Space In Carlstadt To The Lab Fabrication

620 Gotham Parkway

Building Size

30,283 SF

Asset Type

Industrial

Closing

Jul 6, 2026

AI

The property asset involved in this transaction is a 30,283-square-foot industrial building located at 620 Gotham Parkway in Carlstadt, NJ. The lease was secured by The Lab Fabrication, which aims to support its East Coast expansion.

Summary of transaction details:

This transaction involved key individuals and organizations, including Marco Meiring, who represents The Lab Fabrication, and the representatives from Bussel Realty Corp. that include Jordan Metz, Benito Abbate, and James Friel. The landlord, Oliver Street Capital, was represented by CBRE in this lease agreement.

Players

Jordan Metz

Bussel Realty

Broker

$140.7M

vol

40 deals

Broker
CBRE
CBREBrokerage
Marco Meiring

Marco Meiring

The Lab Fabrication

Tenant
Tenant

Carlstadt 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