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1735 Jersey Avenue

Taconic Partners Acquires Industrial Asset At 1735 Jersey Avenue North Brunswick For $74.3M
SOLDIndustrial

Taconic Partners Acquires Industrial Asset At 1735 Jersey Avenue North Brunswick For $74.3M

1735 Jersey Avenue

$74,300,000

$206/SF

Building Size

360,000 SF

Asset Type

Industrial

Closing

Mar 24, 2025

AI

The property asset involved in this transaction is an industrial facility located at 1735 Jersey Avenue in North Brunswick. It was sold for a total of $74,300,000.00, encompassing a total square footage of 360,000.0 square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $74,300,000.00
  • Address: 1735 Jersey Avenue
  • Market: North Brunswick
  • Square Footage: 360,000.0

The deal was facilitated by the brokers from JLL, including Jordan Avanzato, Marc Duval, Nick Stefans, and Jason Lundy. The buyers for this transaction are Charles R. Bendit, Paul E. Pariser, and Chris Balestra, representing Taconic Partners.

Players

Evan Pariser

JLL

Broker

$2.2B

vol

14 deals

Broker
Charles R. Bendit

Charles R. Bendit

Taconic Partners

Buyer

$192.2M

vol

4 deals

Buyer
Taconic Partners
Taconic PartnersBuyer
J.P. Morgan Chase
J.P. Morgan ChaseLender

North Brunswick Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93