Updated Dec 4, 2024
Chefler Foods Leases 59,000 SF Industrial Space In Saddle Brook
74 Kenney Boulevard
Building Size
59,000 SF
Asset Type
Industrial
Closing
May 2, 2024
About this deal
AI
An industrial warehouse space spanning 59,000 square feet located at 74 Kenney Boulevard in Saddle Brook has been leased to Chefler Foods for their manufacturing operations expansion.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Tenant: Michael Leffler - Chefler Foods
- Brokers: Alessandro Conte, Jason Crimmins & Peter Murano - The Blau & Berg Company
Blau & Berg facilitated the acquisition, with President Jason Crimmins, Alessandro “Alex” Conte, and Peter Murano representing the ownership. Chefler Foods plans to utilize the space for its advanced manufacturing processes, supporting the growth of their signature brands.
On the Map
Industrial
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Players
Saddle Brook 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