Packaging & Distribution Resources Leases 158006 Square Feet Industrial Building In Edison From Federal Business Centers
400 Clearview Road
Building Size
158,006 SF
Asset Type
Industrial
Closing
Oct 28, 2024
AI
The industrial building located at 400 Clearview Road in Edison, NJ encompasses 158,006 square feet. It features 24-foot ceilings and 22 loading doors, positioned within the Raritan Center area which adds to its functional appeal as an industrial asset.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 400 Clearview Road
- Market: Edison
- Landlord: Federal Business Centers
- Tenant: Packaging & Distribution Resources
- Brokers: David Blitt & David Paster - Bussel Realty Corp.
David Paster and David Blitt of Bussel Realty Corp. were instrumental in facilitating the lease agreement for the tenant, Packaging & Distribution Resources. The landlord, Federal Business Centers, managed the transaction in-house, ensuring a smooth negotiation process for the Raritan Center property.
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