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527 Stelton Road

NAI DiLeo-Bram & Co. Leases Industrial Buildings In Piscataway, NJ To Stelton Sports And The Commencement Group
LEASEDIndustrial

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

Kelly Bayer

NAI Global

Broker

$1.7M

vol

2 deals

Broker

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