Yahee Technologies Corp And AER Sales LLP Lease 174000 Square Feet In New Jersey Industrial Spaces
3 Security Drive & 22 Riverside Drive
Building Size
348,000 SF
Asset Type
Industrial
Closing
Mar 27, 2025
AI
The transaction involved two industrial leases totaling 174,000 square feet located at 3 Security Drive and 22-25 Riverside Drive in the markets of Cranbury and Pine Brook, New Jersey. Yahee Technologies Corp. leased 154,000 square feet in Cranbury, while AER Sales LLP took 20,700 square feet in Pine Brook, both establishing important logistics hubs.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 3 Security Drive & 22-25 Riverside Drive
- Market: Cranbury & Pine Brook
- Tenant: Yahee Technologies Corp.; AER Sales LLP
- Broker: Christopher Galiano - NAI DiLeo-Bram & Co.
Christopher Galiano of NAI DiLeo-Bram & Co. facilitated the arrangement of both leases, representing the interests of Yahee Technologies Corp. and AER Sales LLP in securing the properties for their operational needs.
Players
Cranbury 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