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3301 Tremley Point Rd, Lind...

Bridge Logistics Properties Acquires Property At 3301 Tremley Point Rd In Linden New Jersey
SOLDIndustrial

Bridge Logistics Properties Acquires Property At 3301 Tremley Point Rd In Linden New Jersey

3301 Tremley Point Rd, Linden, NJ, 07...

Building Size

170,000 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

The property located at 3301 Tremley Point Rd, Linden, NJ, is a complex consisting of two buildings with a total square footage of 170,000. The complex spans a combined 14.6 acres within the Linden market. The north building is classified as a Class A facility, featuring a clear height of 36 feet, including cold storage space, while the south building is categorized as a Class B warehouse equipped with dock-high and grade-level doors.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 170,000
  • Address: 3301 Tremley Point Rd, Linden, NJ
  • Market: Linden
  • Seller's Representatives: Joshua Meisner, Leo Josephs (Inc)
  • Buyer: Bridge Logistics Properties

Bridge Logistics Properties, a subsidiary of Bridge Investment Group, completed the off-market transaction assisted by Leo Josephs and Joshua Meisner from Leo Josephs & Co. Inc., marking a significant acquisition in the Northern New Jersey region.

Players

Joshua Meisner

Broker

$134.5M

vol

3 deals

Broker
BP
BLP - Bridge Logistics PropertiesBuyer

Linden 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93