Clutter Leases 450000 Square Feet At 1065 Cranbury South River Rd Monmouth County
1065 Cranbury South River Rd, Monro...
Building Size
450,000 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in the lease transaction is located at 1065 Cranbury South River Rd, Monro, and encompasses a total area of 450,000 square feet. The tenant of the property is Clutter, while the landlord is IDI Logistics.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1065 Cranbury South River Rd, Monro
- Tenant: Clutter
- Landlord: IDI Logistics
- Square Feet: 450,000
- Tenant's Representative: Daniel Badenhausen - Cushman & Wakefield
Key individuals involved in this transaction include Daniel Badenhausen representing the tenant Clutter through Cushman & Wakefield. The landlord overseeing the property lease is IDI Logistics, responsible for facilitating the terms of the agreement with Clutter.
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Market 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