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1 Truman Drive South

Packaging Distribution Resources Leases 80,000 Square Feet At 1 Truman Drive In Edison
LEASEDIndustrial

Packaging Distribution Resources Leases 80,000 Square Feet At 1 Truman Drive In Edison

1 Truman Drive South

Building Size

80,000 SF

Asset Type

Industrial

Closing

Jul 9, 2024

AI

The property involved in this transaction is an industrial asset located at 1 Truman Drive in Edison, covering a total area of 80,000 square feet. The facility is part of a larger industrial complex that has a total square footage of 369,313 square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1 Truman Drive
  • Market: Edison
  • Landlord: RXO Inc.
  • Tenant: Packaging Distribution Resources
  • Landlord's Representative: R.E. Perry
  • Tenant's Representatives: David Blitt & David Paster - Bussel Realty

The deal was facilitated by Bussel Realty Corp., with David Paster and David Blitt representing the interests of Packaging Distribution Resources. The location of the property offers strategic advantages due to its proximity to major highways, as well as features that include rail access and ample parking available for tenants.

Players

David Blitt

Bussel Realty

Broker

4 deals

Broker

Edison 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