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400 Clearview Road

Packaging & Distribution Resources Leases 158006 Square Feet Industrial Building In Edison From Federal Business Centers
LEASEDIndustrial

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

David Blitt

Bussel Realty

Broker

4 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