facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Industrial

/

Lease

/

600 Ridge Road

Cushman & Wakefield Facilitates 469,000-Square-Foot Sublease For EFulfill At 600 Ridge Road In Piscataway
LEASEDIndustrial

Cushman & Wakefield Facilitates 469,000-Square-Foot Sublease For EFulfill At 600 Ridge Road In Piscataway

600 Ridge Road

Building Size

469,000 SF

Asset Type

Industrial

Closing

Jan 29, 2024

AI

Located at 600 Ridge Road in Piscataway, this industrial property spans 469,000 square feet, making it an ideal last-mile e-commerce hub for northern New Jersey and New York City. The prime location near Interstate 287 positions it as an attractive option for companies in need of efficient logistics facilities.

Summary of transaction details

Cushman & Wakefield facilitated a sublease for eFulfill, the logistics arm of Henglin Home Co. Ltd., at 600 Ridge Road. In this transaction, Cushman & Wakefield represented Kiss Nail Products, the sublandlord. The collaboration between eFulfill and Kiss Nail Products, with the support of the brokerage team led by Bill Waxman, Christine Eberle, David Gheriani, Jeff Volpi, Mindy Lissner, and Morgan Nitti, marks a significant step forward for both parties involved.

Players

Mindy Lissner

Cushman & Wakefield

Broker

$111.2M

vol

14 deals

Broker

Monmouth Junction Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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