Meiya Capital Inc. Leases 87,103 Square Feet At 355 Clearview Road Edison From Inter-Metro Freight
355 Clearview Road
Building Size
87,103 SF
Asset Type
Industrial
Closing
Nov 4, 2024
AI
The asset involved in this transaction is an industrial property located at 355 Clearview Road in Edison, NJ. The property spans an area of 87,103 square feet. It is managed by Inter-Metro Freight, providing important features such as high ceilings and extensive loading capacity, along with ample office space, which supports operational efficiency. The property is situated in Raritan Center, offering strategic access to major highways, making it a suitable location for industrial activities.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 355 Clearview Road
- Market: Edison
- Landlord: Inter-Metro Freight
- Tenant: Meiya Capital Inc.
- Broker: Eric Koons - Bussel Realty
Bussel Realty Corp. facilitated a full sublease for Meiya Capital Inc., enabling expanded operations for the tenant in the Northern New Jersey market. Eric Koons represented Bussel Realty in this transaction, playing a crucial role in connecting the landlord and tenant for this lease agreement.
Players
Edison 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