Wingtat Cargo Leases 96,000 Square Feet At 111 Main Street South Amboy For Five Years
111 Main Street
Building Size
96,000 SF
Asset Type
Industrial
Closing
Jan 12, 2026
AI
The asset involved in this lease transaction is a newly built industrial property located at 111 Main Street in South Amboy, New Jersey. The property encompasses 96,000 square feet within a larger 152,100-square-foot Class A warehouse, dedicated to industrial use.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 111 Main Street
- Market: South Amboy
- Lease Term: five-year
- Landlord: Eric Witmondt - Woodmont Industrial Partners; Joseph Jingoli & Son Inc.
- Tenant: Wingtat Cargo
- Landlord's Representative: Gary Politi & Michael Viera - JLL
- Tenant's Representative: Jimo Liu - Cushman & Wakefield
This transaction highlights the collaboration between various representatives: Gary Politi and Michael Viera from JLL represented the landlords, while Jimo Liu from Cushman & Wakefield represented the tenant. The project is strategically positioned about 15 miles from the Port within the South Amboy Broadway/Main Street redevelopment zone.
Players
South Amboy 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