Updated Oct 23, 2026
Axis Portable Air Leases 26,250 Square Foot Industrial Building In Carlstadt New Jersey
180 Broad Street
Building Size
26,250 SF
Asset Type
Industrial
Closing
Oct 22, 2026
About this deal
AI
An industrial building located at 180 Broad Street in Carlstadt, New Jersey has been leased for warehouse and distribution operations. The property encompasses a total of 26,250 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Disclosed
- Address: 180 Broad Street
- Market: Carlstadt, NJ
- Tenant: Axis Portable Air
- Landlord's Representative: Kyle Gerace - NAI DiLeo-Bram & Co.
- Tenant's Representative: Dan Ringel - Cushman & Wakefield
Kyle Gerace represented the landlord while Dan Ringel acted as the representative for the tenant in this transaction. The deal highlights the strong demand for small-to-mid-sized industrial properties in the Meadowlands region.
On the Map
Industrial
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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