facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Industrial

/

Lease

/

101 Circle Drive North, Pis...

RCF USA Signs 30,000-Square-Foot Industrial Lease In Piscataway
LEASEDIndustrial

RCF USA Signs 30,000-Square-Foot Industrial Lease In Piscataway

101 Circle Drive North, Piscataway, New Jersey 08854, United States

Building Size

30,000 SF

Asset Type

Industrial

Closing

May 4, 2023

AI

Electronics manufacturer RCF USA has signed a 30,000-square-foot, full-building industrial lease at 101 Circle Drive North in Piscataway, New Jersey. The warehouse building, part of Rutgers Industrial Center and managed by Levin Management Corporation (LMC), is nearing completion. This new facility will provide RCF USA with its own space and room for expansion, along with convenient highway access. The company is relocating from Edison as part of its expansion plans and expects to move into the new building this summer.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 101 Circle Drive North, Piscataway, New Jersey
  • Market: Piscataway
  • Size: 30,000 square feet
  • Landlord: Levin Management Corporation - Paul Tavaglione
  • Tenant: RCF USA - Justin Brock
  • Landlord's Representative: Chuck Fern - Cushman & Wakefield
  • Tenant's Representative: Jason Barton - Cushman & Wakefield

The lease agreement allows RCF USA to secure its own facility and expand its operations. It also highlights the strong partnership between RCF USA and Levin Management Corporation in selecting a suitable location for the company's needs. Chuck Fern and Jason Barton, both from Cushman & Wakefield, represented the landlord and the tenant respectively in this transaction.

Players

Charles Fern

Cushman & Wakefield

Broker

$117.5M

vol

18 deals

Broker

Piscataway Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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