LEASEDIndustrial
Camber Acquisitions Leases 35000 SF Industrial Space In Berkeley Heights
100 Industrial Rd, Berkeley Heights, N...
Building Size
35,000 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
A retail distributor has leased 35,000 square feet of industrial space at 100 Industrial Road in Berkeley Heights. The property is located about two miles north of Interstate 78.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Tenant: Not disclosed
- Tenant's Representative: Michael Colhoun Jr. (Walker & Dunlop)
- Landlord: Camber Acquisitions
- Address: 100 Industrial Rd, Berkeley Heights
- Market: Berkeley Heights
- Square Feet: 35,000
Chilmark Real Estate Services was the brokerage firm involved in the deal, with JLL representing the landlord at the property.
Berkeley Heights 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