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315 Roycefield Road

Eastern Torque Services Leases 13217 Square Feet At 315 Roycefield Road Hillsborough
LEASEDIndustrial

Eastern Torque Services Leases 13217 Square Feet At 315 Roycefield Road Hillsborough

315 Roycefield Road

Building Size

13,217 SF

Asset Type

Industrial

Closing

Jan 28, 2025

AI

The property involved in this transaction is an industrial building located at 315 Roycefield Road, Hillsborough. The newly constructed facility boasts a total square footage of 54,600, with a leased area of 13,217 square feet. The building features 24-foot ceilings and LED lighting, and has strategic access to major transportation routes.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Long-term lease
  • Address: 315 Roycefield Road
  • Market: Hillsborough
  • Tenant: Eastern Torque Services
  • Broker: Jason Zimmel - Zimmel Associates
  • Lease Term: Long-term

This transaction resulted in full occupancy of the property, which was built in 2024. Eastern Torque Services signed the long-term lease, facilitated by broker Jason Zimmel from Zimmel Associates, showcasing the effective collaboration in the leasing process.

Players

Jason Zimmel

Zimmel Associates

Broker

$5M

vol

3 deals

Broker

Hillsborough 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