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1578 Sussex Turnpike

Unette Corp Signs Long-Term Lease Renewal For 113,550-SF Industrial Space In Randolph
LEASEDIndustrial

Unette Corp Signs Long-Term Lease Renewal For 113,550-SF Industrial Space In Randolph

1578 Sussex Turnpike

Building Size

113,550 SF

Asset Type

Industrial

Closing

Oct 15, 2025

AI

The transaction involves an industrial asset located at 1578 Sussex Turnpike in Randolph, with a total square footage of 113,550. The property serves as a long-term lease renewal for Unette Corp. at Morris Business Park. The landlord for this transaction is The Silverman Group.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1578 Sussex Turnpike
  • Market: Randolph
  • Landlord: The Silverman Group
  • Tenant: Unette
  • Landlord's Representative: Toby Nelson - The Silverman Group
  • Tenant's Representatives: Kevin Dudley & Marc Trevisan - CBRE

CBRE facilitated the lease renewal on behalf of The Silverman Group, further continuing Unette's operations with its FDA-approved packaging facility reinforced under the new agreement. The representatives from CBRE, Kevin Dudley and Marc Trevisan, played pivotal roles in finalizing this deal for the tenant.

Players

Kevin Dudley

CBRE

Broker

$174.8M

vol

22 deals

Broker
CBRE
CBREBrokerage
The Silverman Group
The Silverman GroupLandlord

Randolph 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