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
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