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113 Whitehead Avenue, South...

Updated Oct 28, 2024

Golden Gate Freight LLC Leases 1 Acre For Truck Parking In South River, NJ Industrial Market
LEASEDIndustrial

Golden Gate Freight LLC Leases 1 Acre For Truck Parking In South River, NJ Industrial Market

113 Whitehead Avenue, South River, New Jersey 08882, United States

Building Size

43,560 SF

Asset Type

Industrial

Closing

Sep 30, 2022

About this deal

AI

An industrial property located at 113 Whitehead Ave in South River, NJ has been leased. The property, owned by Whitehead Associates, spans an area of 1 acre and is being leased to Golden Gate Freight LLC, a national logistics company. James Sebastion Chiarello of Kroll Commercial Realty represented both parties in the deal. The lease was signed on 10/01/2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Address: 113 Whitehead Ave, South River, NJ
  • Tenant: Golden Gate Freight LLC
  • Landlord: Whitehead Associates
  • Broker: James Sebastion Chiarello - Kroll Commercial Realty

This lease agreement is for the use of 1 acre of land at the Whitehead Ave property in South River, NJ. The land will be utilized as truck parking space for Golden Gate Freight LLC, a national logistics company. For more industrial properties in Middlesex County NJ, interested parties can get in touch with James Sebastion Chiarello at 609-864-5766.

Players

James Sebastian Chiarello

Broker

$7.3M

vol

7 deals

Broker
WA
Whitehead AssociatesLandlord

South River 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

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