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355 Clearview Road

Meiya Capital Inc. Leases 87,103 Square Feet At 355 Clearview Road Edison From Inter-Metro Freight
LEASEDIndustrial

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

Eric Koons

Bussel Realty

Broker

$39.9M

vol

14 deals

Broker

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