Updated Feb 18, 2025
Private Trucking Firm Leases 20,567 SF Industrial Property In Carlstadt With James McNerney And Ryan Buerkle
85 Kero Road
Building Size
20,567 SF
Asset Type
Industrial
Closing
Jan 28, 2025
About this deal
AI
An industrial property located at 85 Kero Road in Carlstadt, covering a total area of 20,567 square feet, has been leased to a private trucking firm. The property occupies 1.7 acres.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 85 Kero Road
- Market: Carlstadt
- Square Footage: 20,567
- Landlord's Representative: James McNerney - Silver Edge Real Estate
- Tenant's Representative: Ryan Buerkle - JLL
In this transaction, James McNerney represented the ownership of the property while Ryan Buerkle represented the interests of the tenant. Their roles contributed to the successful leasing of the entire building.
On the Map
Industrial
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Players
Carlstadt 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