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
Meriden Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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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