Even in a challenging economy with limited capital, attractive financing terms are still available, Gunning tells GlobeSt.com. He adds that the lender for this financing is a CBRE Capital Markets Exclusive Correspondent lender.
The Garden State property is a 30,733-square-foot, single-story, industrial/flex facility, which sits off of Route 23 in a campus-like setting of similar properties. Constructed in 1986, the rib block flex building has a steel frame and features 22-foot clear ceilings and 40-inch by 40-inch column spacing. At the time of closing, the property was 90% leased.
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