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141 Herrod Boulevard

PSS Distribution Services Leases Industrial Space In Dayton, NJ From Forsgate Industrial Partners
LEASEDIndustrial

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

Charles Fern

Cushman & Wakefield

Broker

$117.5M

vol

18 deals

Broker
Forsgate Industrial Partners
Forsgate Industrial PartnersBrokerage
Forsgate Industrial Partners
Forsgate Industrial PartnersLandlord

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