Updated Oct 29, 2024
Heller Industrial Parks Inc Leases 208391 Square Feet To Tenant Represented By Matthew C. Turse
60 Distribution BLVD, Edison, NJ, 08817
Building Size
208,391 SF
Asset Type
Industrial
Closing
Jan 22, 2019
About this deal
AI
The property involved in this transaction is a warehouse and distribution center located at 60 Distribution Blvd., Edison, NJ, totaling 208,391 square feet. It serves as a facility for Concordance Healthcare Solutions, a company focused on healthcare distribution.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 60 Distribution Blvd, Edison, NJ, 08817
- Market: Edison
- Tenant: Concordance Healthcare Solutions
- Landlord: Heller Industrial Parks Inc
- Tenant's Representative: Matthew C. Turse (Avison Young)
This lease agreement spans 10 years and was facilitated by the Avison Young team, which includes Timothy J. Cadigan, Matthew C. Turse, and John Recchia, who negotiated the terms directly with Heller Industrial Parks Inc.
On the Map
Industrial
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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