Updated Dec 4, 2024
Denholtz Associates Leases 20300 Square Feet At 141 Ethel Rd W Piscataway With Jaime Zimmel
141 Ethel Rd W, Piscataway, NJ, 08854
Building Size
20,300 SF
Asset Type
Industrial
Closing
Jan 14, 2019
About this deal
AI
The property located at 141 Ethel Rd W, Piscataway, NJ, 08854 is a 20,300-square-foot industrial space within the Piscataway Corporate Center. This facility is designed for manufacturing and distribution, featuring 22-foot ceilings and energy-efficient HVAC systems.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Landlord: Denholtz Associates
- Landlord's Representative: Jaime Zimmel - Zimmel Associates
- Tenant: CLIO LLC
- Market: Piscataway
CLIO LLC, a snack food manufacturer, has secured this lease to produce and distribute chocolate-dipped Greek yogurt bars. The terms of the lease were not disclosed.
Players
Piscataway 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