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
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
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