Updated Dec 21, 2023
Cushman & Wakefield Brokers Lease Industrial Property In Piscataway
1570 Washington Avenue, Piscataway, New Jersey 08854, United States
Building Size
216,892 SF
Asset Type
Industrial
Closing
Apr 30, 2022
About this deal
AI
Located at 1570 S Washington Ave in Piscataway, this industrial property has recently been leased. The transaction took place on 05/01/2022.
Summary of transaction details:
- Property Type: Industrial
- Address: 1570 S Washington Ave
- Market: Piscataway
- Asking rent: $14/ft.
- Square footage: 216,892
The deal was facilitated by the brokerage firm Cushman & Wakefield. The team of brokers involved in the lease agreement includes Andy Ho, Jason Barton, Chuck Fern, Stephen Shoemaker, Jack Winge, and Thomas Tucci.
On the Map
Industrial
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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