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1065 Cranbury South River R...

Clutter Leases 450000 Square Feet At 1065 Cranbury South River Rd Monmouth County
LEASED

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

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.

Players

Daniel Badenhausen

Lee & Associates

Broker

3 deals

Broker
IDI Logistics
IDI LogisticsLandlord

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