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111 Main Street

Wingtat Cargo Leases 96,000 Square Feet At 111 Main Street South Amboy For Five Years
LEASEDIndustrial

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

Gary Politi

JLL

Broker

$55.4M

vol

7 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
JLL
JLLBrokerage

Eric Witmondt

Woodmont Industrial Partners

Landlord

$359.3M

vol

10 deals

Landlord

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