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99 Callahan Court

JW Fulfillment Leases Full Building At Arsenal Trade Center In Sayreville, NJ
LEASEDIndustrial

JW Fulfillment Leases Full Building At Arsenal Trade Center In Sayreville, NJ

99 Callahan Court

Building Size

342,000 SF

Asset Type

Industrial

Closing

Jun 27, 2024

AI

The industrial property located at 99 Callahan Court in Newark, spanning 342,000 square feet, has been leased by JW Fulfillment, Inc., a wholesale distribution company, from the landlord, Andrew Mele of Trammell Crow Company.

Summary of transaction details:

The lease for the full building in Sayreville, NJ, at the Arsenal Trade Center, underscores the strategic location of the center in a key consumer market. The lease was facilitated by CBRE Investment Management, in partnership with Trammell Crow Company, with additional large and smaller space opportunities available for lease through CBRE's marketing efforts.

Players

Larry Schiffenhaus

CBRE

Broker

$83M

vol

13 deals

Broker

Newark 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