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240 North Randolphville Road

MCR Cabinetry Inc. Leases 12,500 Square Feet Industrial Space In Piscataway From Sullivan Family Holdings
LEASEDIndustrial

MCR Cabinetry Inc. Leases 12,500 Square Feet Industrial Space In Piscataway From Sullivan Family Holdings

240 North Randolphville Road

Building Size

12,500 SF

Asset Type

Industrial

Closing

Jan 13, 2025

AI

The asset involved in this transaction is an industrial building located at 240 North Randolphville Road in Piscataway. The total square footage of the building is 22,500, with MCR Cabinetry Inc. leasing 12,500 square feet at full asking price.

Summary of transaction details:

The transaction was facilitated by Bussel Realty Corp. and EXP Realty LLC, highlighting the active role of the representatives in the leasing of this industrial space.

Players

Anthony Mircovich

Bussel Realty

Broker

3 deals

Broker

Piscataway 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