PSS Distribution Services Leases Industrial Space In Dayton, NJ From Forsgate Industrial Partners
141 Herrod Boulevard
$15
$15/SF
Building Size
58,404 SF
Asset Type
Industrial
Closing
Sep 21, 2022
AI
The industrial property located at 141 Herrod Blvd in Dayton, NJ has recently been leased. The asset spans a total of 58,404 square feet and was leased by PSS Distribution Services. The property was listed by Forsgate Industrial Partners. The asking rent for the property was $15 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 141 Herrod Blvd, Dayton, NJ
- Market: Dayton, NJ
- Tenant: PSS Distribution Services
- Landlord: Forsgate Industrial Partners
- Brokers: Chuck Fern, Jason Barton & Jack Winge - Cushman & Wakefield
Cushman & Wakefield, represented by brokers Chuck Fern, Jason Barton, and Jack Winge, facilitated the lease agreement between PSS Distribution Services and Forsgate Industrial Partners for the property at 141 Herrod Blvd in Dayton, NJ. The deal was successfully negotiated with an asking rent of $15 per square foot.
Players
Dayton 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
1057533.33%
Cash-on-Cash
-302246.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93