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
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