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900 Knell Road

Parceljet Information Technology LLC Leases 239190 Square Feet At 900 Knell Road In Montgomery
LEASEDIndustrial

Parceljet Information Technology LLC Leases 239190 Square Feet At 900 Knell Road In Montgomery

900 Knell Road

Building Size

239,190 SF

Asset Type

Industrial

Closing

Oct 7, 2024

AI

The property is located at 900 Knell Road in Montgomery, comprising a 239,190-square-foot industrial space. It is part of a larger building that totals 992,462 square feet, featuring 30-foot clear heights and 17 exterior docks. The facility includes parking for 184 trailers and over 600 cars.

Summary of transaction details:

The lease agreement, executed by Parceljet Information Technology LLC, marks a significant expansion of the company's presence in the Midwest, transitioning from coastal locations to this new facility.

Players

George Cibula

CORFAC International

Broker

$5.5M

vol

9 deals

Broker

Montgomery 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93