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200 Cottontail Lane

CBRE Secures Long-Term Leases For Scentbird And Calibre Scientific At Cottontail Logistics Center
LEASEDIndustrial

CBRE Secures Long-Term Leases For Scentbird And Calibre Scientific At Cottontail Logistics Center

200 Cottontail Lane & 202 Cottontail Lane

Building Size

471,710 SF

Asset Type

Industrial

Closing

Jul 7, 2025

AI

The asset involved in this transaction is an industrial property located at 200 Cottontail Lane and 202 Cottontail Lane in Somerset. The total square footage of the property is 235,855 SF, and it is fully leased with tenants Scentbird and Calibre Scientific occupying significant portions of the space.

Summary of transaction details:

CBRE secured two long-term leases at the Cottontail Logistics Center, with Scentbird leasing 116,530 SF at 200 Cottontail Ln. and Calibre Scientific leasing 119,325 SF at 202 Cottontail Ln. CBRE represented the landlord in this transaction, while Nicholas Klacik from CBRE along with Gary Politi and Michael Viera from JLL represented the tenants.

Players

Kevin Dudley

CBRE

Broker

$174.8M

vol

22 deals

Broker
CBRE
CBREBrokerage
JLL
JLLBrokerage

Somerset 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