Updated Sep 9, 2024
Rise Against Hunger Signs 11,500-Square-Foot Lease In New Jersey
60 Milltown Rd Union, NJ 07083, USA
$17
$17/SF
Building Size
11,500 SF
Asset Type
Industrial
Closing
May 10, 2023
About this deal
AI
Rise Against Hunger, a global hunger relief organization, has signed a lease for an 11,500-square-foot facility in Union, New Jersey, according to STRO Cos, the property owner. The new location will serve as a central hub for storing supplies and meals, as well as coordinating with local groups involved in meal packaging. It offers excellent connectivity to the New York metro area.
Summary of transaction details
- Property Type: Lease
- Transaction Date: May 10, 2023
- Property Address: New Jersey
- Landlord's Representative: Not provided
- Tenant's Representative: Joel Tomlinson - Tim Farley
- Asking Rent: $17 per sq ft.
The lease deal was facilitated by brokers Joel Tomlinson and Tim Farley, who represented Rise Against Hunger in the transaction.
On the Map
$17
$17/SF
Industrial
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Players
New Jersey 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
933117.65%
Cash-on-Cash
-266687.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93