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5 Cotters Lane

DTD Best Inc Leases Industrial Property On Cotters Ln In East Brunswick, NJ With Landlord Redcom Design & Construction LLC And Brokers Chuck Fern, Jason Barton, Jack Winge - Cushman & Wakefield
LEASEDIndustrial

DTD Best Inc Leases Industrial Property On Cotters Ln In East Brunswick, NJ With Landlord Redcom Design & Construction LLC And Brokers Chuck Fern, Jason Barton, Jack Winge - Cushman & Wakefield

5 Cotters Lane

$15

$15/SF

Building Size

60,170 SF

Asset Type

Industrial

Closing

Sep 1, 2022

AI

A lease transaction has taken place at 5 Cotters Ln in East Brunswick, NJ. The property involved in the deal is an industrial asset, covering an area of 60,170 square feet. The lease was signed by DTD Best Inc as the tenant and REDCOM Design & Construction LLC as the landlord.

Summary of transaction details

The lease was facilitated by Chuck Fern, Jason Barton, and Jack Winge from Cushman & Wakefield representing both the tenant and the landlord. The asking rent for the property was $15 per square foot. This successful lease transaction marks a significant milestone in the industrial real estate market in East Brunswick, NJ.

Players

Charles Fern

Cushman & Wakefield

Broker

$117.5M

vol

18 deals

Broker
RL
REDCOM Design & Construction LLCLandlord

East Brunswick 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

1057533.33%

Cash-on-Cash

-302246.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93