LEASEDIndustrial
Appco Pharma LLC Expands Lease By 27356 Square Feet At 262 Old New Brunswick Road
262 Old New Brunswick Road
Building Size
27,356 SF
Asset Type
Industrial
Closing
Jan 21, 2025
AI
The asset involved in this transaction is an industrial property located at 262 Old New Brunswick Road in Piscataway. The property spans a total of 27,356 square feet as part of a larger 140,000-square-foot facility.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 262 Old New Brunswick Road
- Market: Piscataway
- Landlord: David Richards - Richards & Robbins
- Tenant: Rajendra Appalaneni - Appco Pharma LLC
- Broker: Steve Bussel - Bussel Realty Corp
In this transaction, Appco Pharma
Players
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