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903 Murray Road

Tri-State Cleaning & Restoration And Tri-State Delivery Service Lease 173445 SF In East Hanover
LEASEDIndustrial

Tri-State Cleaning & Restoration And Tri-State Delivery Service Lease 173445 SF In East Hanover

903 Murray Road & 906 Murray Road

Building Size

346,890 SF

Asset Type

Industrial

Closing

Nov 14, 2025

AI

The assets involved in the transaction consist of two industrial leases located at 903 Murray Road and 906 Murray Road in East Hanover. The total leased space amounts to 173,445 square feet, with 158,440 square feet at 903 Murray Road and 15,005 square feet at 906 Murray Road.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 173,445
  • Address: 903 Murray Road & 906 Murray Road
  • Market: East Hanover
  • Tenant: Tri-State Cleaning & Restoration & Tri-State Delivery Service
  • Landlord's Representative: Tom Consiglio & Scott Peck - Resource Realty
  • Tenant's Representatives: Brian Wilson - Resource Realty; John Friedland - United Realty Advisors

Resource Realty of Northern NJ facilitated the arrangement of the two industrial leases at Ridgedale Industrial Park. The landlord was represented by Tom Consiglio and Scott Peck, while Brian Wilson and John Friedland represented the tenants. The transaction involved two distinct tenants, Tri-State Cleaning & Restoration and Tri-State Delivery Service, leasing the respective spaces mentioned above.

Players

Brian Wilson

Resource Realty

Broker

$9.3M

vol

9 deals

Broker
Resource Realty
Resource RealtyBrokerage

East Hanover 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