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
LEASED
$15
New Jersey
See Similar DealsIndustrial60,170 SF
Leased 09/01/2022
LEASED
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
See Similar DealsIndustrial60,170 SF
Leased 09/01/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$15
Total Square Footage:60,170 SF
Transaction Type:Lease
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
- Property Type: Industrial
- Transaction Date: 09/01/2022
- Address: 5 Cotters Ln, East Brunswick, NJ
- Market: East Brunswick, NJ
- Tenant: DTD Best Inc
- Landlord: REDCOM Design & Construction LLC
- Brokers: Chuck Fern, Jason Barton, Jack Winge - Cushman & Wakefield
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,034,672.43
Total Lease Value
$10,346,724.27
Net Landlord Cash Flow$1,034,672.43
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