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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Lease Area: 12,500 square feet
- Landlord: Sullivan Family Holdings
- Tenant: MCR Cabinetry Inc.
- Landlord's Representative: Anthony Mircovich - Bussel Realty
- Tenant's Representative: Ya Yuan Lien - EXP Realty
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.
Piscataway Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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