Updated Oct 28, 2024
Road King Group Leases 217,800 SF Industrial Space In South River, NJ From Whitehead Associates
395 Whitehead Avenue, South River, New Jersey 08882, United States
Building Size
217,800 SF
Asset Type
Industrial
Closing
Jan 31, 2022
About this deal
AI
The industrial property located at 395 Whitehead in South River, NJ has been leased. The property spans across 5 acres in Middlesex County. The lease was completed on 02/01/2022.
Summary of transaction details:
- Property Type: Industrial
- Address: 395 Whitehead, South River, NJ
- Market: Middlesex County
- Acres: 5
The landlord for this lease is Whitehead Associates, and the tenant is Road King Group. The lease was facilitated by James Chiarello from Kroll Commercial Realty LLC. The lease terms are for a period of 10 years under a full-service gross lease type.
The asking rent for the property was $5.50 per square foot per year, with a total area of 217,800 square feet.
Note from broker James Chiarello: For more information, please contact James Chiarello at 609-864-5766 or reach out to Kroll Commercial Realty LLC.
Players
South River 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