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300 Salt Meadow Road

DSV Global Transport And Logistics Leases 355000 Square Feet At Crow Holdings In Carteret
LEASEDIndustrial

DSV Global Transport And Logistics Leases 355000 Square Feet At Crow Holdings In Carteret

300 Salt Meadow Road

Building Size

355,000 SF

Asset Type

Industrial

Closing

Aug 6, 2024

AI

The property involved in this transaction is an industrial asset located at 300 Salt Meadow Road in Carteret, NJ. The total square footage of the building is 355,000, contributing to its functionality within the industrial market. The asset is currently owned by Crow Holdings at Carteret.

Summary of transaction details:

DSV Global Transport and Logistics will enhance the facility by adding 100,000 square feet of cooler capacity to cater to a name-brand client. The leasing of the building has brought the site to nearly 50% occupancy.

Players

Mindy Lissner

Cushman & Wakefield

Broker

$111.2M

vol

14 deals

Broker

Carteret 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