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74 Carter Drive

Albert Malgrans Leases Industrial Property At 74 Carter Drive In Edison With Landlord Wick Companies
LEASEDIndustrial

Albert Malgrans Leases Industrial Property At 74 Carter Drive In Edison With Landlord Wick Companies

74 Carter Drive

Building Size

80,250 SF

Asset Type

Industrial

Closing

Jan 24, 2024

AI

An industrial property located at 74 Carter Drive in Edison has been leased in a long-term agreement. The property spans across 80,250 square feet, making it a spacious asset in the market.

Summary of transaction details

The lease deal was facilitated by the CBRE team, comprising of brokers Chad Hillyer, Jake Westfall, Kate Granahan, Kevin Dudley, Nicholas Klacik, and Tristan Askew. Roca Tile, represented by Albert Malgrans, will occupy the industrial space at 74 Carter Drive.

Players

Kevin Dudley

CBRE

Broker

$174.8M

vol

22 deals

Broker

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