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
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 600 Ridge Road, Piscataway
- Market: Piscataway
- Tenant: eFulfill
- Landlord: John Chang - Kiss Nail Products
- Brokers: Bill Waxman, Christine Eberle, David Gheriani, Jeff Volpi, Mindy Lissner & Morgan Nitti - Cushman & Wakefield
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
Monmouth Junction 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