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
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