Lasar Logistics Leases 228109 Square Feet At 5 Broadway Rd South Brunswick Tow With Forsgate Industrial Partners
5 Broadway Rd, South Brunswick Tow...
Building Size
228,109 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 5 Broadway Rd, South Brunswick Tow. It encompasses a total area of 228,109 square feet. The market for this asset is Tow, and it is under the ownership of Forsgate Industrial Partners.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 5 Broadway Rd, South Brunswick Tow
- Square Feet: 228,109
- Landlord: Forsgate Industrial Partners
- Tenant: Lasar Logistics
- Landlord's Representatives: Catherine Argenio - Forsgate Industrial Partners, Chuck Fern - Cushman & Wakefield
The deal involves key individuals including Catherine Argenio and Chuck Fern, representing the landlord Forsgate Industrial Partners in this leasing transaction. The tenant, Lasar Logistics, is set to occupy the property, facilitating their operational needs within the outlined square footage.
On the Map
Players
Tow CRE Market Snapshot
Boundary boundary · CRE · 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