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
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