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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 620 Gotham Parkway
- Market: Carlstadt, NJ
- Landlord: Oliver Street Capital
- Tenant: Marco Meiring - The Lab Fabrication
- Landlord's Representative: CBRE
- Tenant's Representatives: Jordan Metz, Benito Abbate & James Friel - Bussel Realty
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
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