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
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