facebook

traded

+ Submit
Home

/

Deals

/

Connecticut

/

Industrial

/

Lease

/

160 Corporate Court

SkyREM Leases Industrial Space At 160 Corporate Court Meriden CT To Martignetti Companies For 10 Years
LEASEDIndustrial

SkyREM Leases Industrial Space At 160 Corporate Court Meriden CT To Martignetti Companies For 10 Years

160 Corporate Court

$1,628,997

$1,628,997/SF

Building Size

241,333 SF

Asset Type

Industrial

Closing

Dec 18, 2025

AI

The industrial asset located at 160 Corporate Court in Meriden, CT encompasses a total space of 241,333 square feet. The property is subject to a single net lease with a duration of 10 years, with an asking rent set at $6.75 per square foot NNN.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Lease Term: 10 years
  • Asking Rent: $6.75/ft. NNN
  • Landlord: SkyREM
  • Tenant: Martignetti Companies
  • Tenant's Representatives: Philip Verre - JLL & Sean Duffy - Cushman & Wakefield

SkyREM, acting as the landlord, has entered into this leasing agreement with Martignetti Companies, represented by Philip Verre from JLL and Sean Duffy from Cushman & Wakefield, highlighting the collaboration between the involved parties in this transaction.

Players

Philip Verre

Cushman & Wakefield

Broker

$15M

vol

6 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Meriden Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.74%

Cash-on-Cash

-2.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93