NAI DiLeo-Bram & Co. Leases Industrial Buildings In Piscataway, NJ To Stelton Sports And The Commencement Group
527 Stelton Road & 547 Stelton Road
Building Size
55,000 SF
Asset Type
Industrial
Closing
Dec 19, 2023
AI
NAI DiLeo-Bram & Co. has arranged the lease of two newly constructed industrial buildings in Piscataway, New Jersey. The buildings, located at 527 Stelton Road and 547 Stelton Road, have a combined size of 27,500 square feet. The lease includes 17,500 square feet for one tenant and 10,000 square feet for another tenant. These transactions reflect the strong demand for warehouse space in central New Jersey.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 527 Stelton Road & 547 Stelton Road, Piscataway
- Market: Piscataway
- Total Square Footage: 27,500
The tenants involved in these lease agreements are Stelton Sports and The Commencement Group. NAI DiLeo-Bram & Co., represented by Kelly Bayer and Robert V. DiLeo, acted as the brokers for these single-tenant users. With the increasing demand for warehouse space in central New Jersey, these lease deals highlight the market's attractiveness for industrial properties.
Players
Piscataway 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