Clarion Partners Leases Industrial Space To SI International At 8 Nicholas Court In Dayton NJ
8 Nicholas Court
$15
$15/SF
Building Size
86,115 SF
Asset Type
Industrial
Closing
Mar 25, 2025
AI
This industrial asset, located at 8 Nicholas Court in Dayton, NJ, has a leasing price of $15.75 per square foot and encompasses a total area of 86,115 square feet. The lease type is NNN, and the current transaction involves a lease renewal.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15.75/ft
- Lease Term: Lease Renewal
- Landlord: Clarion Partners
- Tenant: SI International
- Landlord's Representative: Nate Demetsky - JLL
- Tenant's Representative: Joseph Ash - Kassin Sabbagh Realty
Nate Demetsky represents Clarion Partners while Joseph Ash represents SI International in this lease renewal transaction, facilitating the ongoing relationship between landlord and tenant for this industrial property in New Jersey.
Players
Monroe Township 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
1057533.33%
Cash-on-Cash
-302246.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93