Updated Oct 29, 2024
Stephen Sander Negotiates 102,839 SF Industrial Sublease For Breaking Games At 200 International Dr
200 International Dr, Budd Lake, NJ, 0...
Building Size
102,839 SF
Asset Type
Industrial
Closing
Nov 22, 2023
About this deal
AI
The industrial sublease negotiated by Cushman & Wakefield for Breaking Games LLC encompasses 102,839 square feet within the 217,500-square-foot industrial property at 200 International Drive in Mount Olive. Built in 1984, the building boasts 24-foot clear heights, nine loading docks, and around 6,000 square feet of office space. The property's prime location offers easy access to Interstate 80 and State Route 46.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided in the context
- Address: 200 International Dr, Budd Lake, NJ
- Market: Budd Lake
- Landlord's Rep: Stephen Sander (Cushman & Wakefield)
- Landlord: Bosal USA
- Square Feet: 102,839
Stephen Sander of Cushman & Wakefield acted as the representative for the sublandlord, Bosal USA, in facilitating the industrial sublease for Breaking Games LLC in Mount Olive.
Players
Budd Lake 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