Locally Based Food Packaging Company Leases 26740 Square Feet At 103 Central Ave Mount Laurel NJ
LEASED
New Jersey
See Similar DealsWarehouse26,740 SF
LEASED
Locally Based Food Packaging Company Leases 26740 Square Feet At 103 Central Ave Mount Laurel NJ
103 Central Ave, Mount Laurel, NJ, 08...
See Similar DealsWarehouse26,740 SF
Summary
NEW JERSEY
Asset Type:Warehouse
Price Per Square Foot:$0
Total Square Footage:26,740 SF
Transaction Type:Lease
The property involved in this transaction is a 26,740-square-foot industrial space located at 103 Central Ave, Mount Laurel, NJ. This space is part of a larger 112,000-square-foot industrial building and features 17-foot clear heights. It offers convenient access to major transportation routes, specifically Interstate 295 and the New Jersey Turnpike.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 103 Central Ave, Mount Laurel, NJ
- Market: Mount Laurel
- Tenant: Locally based Food Packaging Company
- Landlord: Burton Real Estate
- Tenant's Rep: Jonathan Klear (NAI Mertz)
Scott Mertz and Jonathan Klear from NAI Mertz represented the tenant during the lease negotiations. Core One Real Estate LLC acted as the representative for the landlord, Burton Real Estate, facilitating the agreement between the two parties.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,532,720.66
Total Lease Value
$15,327,206.64
Net Landlord Cash Flow$1,532,720.66
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