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20 Kingsbridge Rd, Piscataw...

Shelbourne Global Leases Mixed-Use Property In Piscataway Totaling 107,000 Sq Ft
LEASEDMixed-use

Shelbourne Global Leases Mixed-Use Property In Piscataway Totaling 107,000 Sq Ft

20 Kingsbridge Rd, Piscataway, NJ, 08...

Building Size

16,000 SF

Asset Type

Mixed-use

Closing

Nov 22, 2023

AI

Located at 20 Kingsbridge Rd in Piscataway, NJ, the mixed-use property spans 16,000 square feet and was recently involved in a leasing transaction.

Summary of transation details:

  • Property Type: Mixed-use
  • Transaction Amount: Not provided
  • Address: 20 Kingsbridge Rd, Piscataway, NJ
  • Market: Piscataway
  • Landlord's Rep: William (Bill) McCaffrey (Avison Young)
  • Landlord: Shelbourne Global
  • Square Feet: 16,000

In this leasing deal, William McCaffrey from Avison Young represented Shelbourne Global in the transaction involving Alpha Assembly Solutions Inc., a company leasing 61,244 square feet of space at 140 Centennial Ave in Piscataway. The property provides a mix of office and research and development space and is part of Shelbourne's commercial portfolio in Piscataway and Bloomfield.

Players

William McCaffrey

Avison Young

Broker

6 deals

Broker
SG
Shelbourne GlobalLandlord

Piscataway Mixed-use Market Snapshot

Boundary boundary · Mixed-use · 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