Updated Oct 29, 2024
J.G. Petrucci Renews Lease With FedEx For 100,000 SF Industrial Facility In Hamilton
21 Thomas J Rhodes Industrial Drive Trenton, New Jersey 08619, USA
Building Size
100,000 SF
Asset Type
Industrial
Closing
Jul 6, 2023
About this deal
AI
J.G. Petrucci Co. Inc has renewed its lease with Federal Express for a 100,000-square-foot distribution facility in Hamilton. The property, located at 21 Thomas Rhodes Drive, offers modern features and convenient access to major highways. This lease renewal demonstrates J.G. Petrucci Co.'s commitment to maintaining long-term partnerships with its tenants.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Square footage: 100,000
- Address: 21 Thomas Rhodes Drive
- Market: Hamilton
The landlord, J.G. Petrucci Co. Inc, represented by Peter Polt, facilitated the lease renewal with tenant Federal Express. This deal highlights the successful collaboration between the landlord and tenant in meeting their respective business needs.
Players
New Jersey Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Deal FAQ
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