Romark Logistics Leases 249,853 SF Industrial Space At 145 Talmadge Rd, Edison
145 Talmadge Rd, Edison, NJ, 08817
Building Size
249,853 SF
Asset Type
Industrial
Closing
Nov 21, 2019
AI
The industrial property located at 145 Talmadge Road in Edison, NJ, spans 249,853 square feet. The asset features 28-foot ceiling heights and offers convenient access to key transportation hubs such as the New Jersey Turnpike, Newark Liberty International Airport, and the Port of Newark.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Landlord's Rep: Lou Belfer(CBRE), Nicholas Nitti(CBRE), Scott Belfer(CBRE)
- Tenant: Romark Logistics
- Landlord: Unknown
Scott Belfer from CBRE represented Romark Logistics in the leasing negotiations for the industrial property at 145 Talmadge Road in Edison, NJ. Additionally, Nicholas Nitti and Lou Belfer, also of CBRE, represented the undisclosed landlord in the deal.
Players
Edison 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