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
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