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:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Address: 99 Callahan Court
- Market: Newark
- Tenant: JW Fulfillment, Inc
- Landlord: Andrew Mele - Trammell Crow Company
- Landlord's Rep: Brian Golden, Larry Schiffenhaus & Thomas Monahan - CBRE
- Tenant's Rep: Charles Fern & Jimo Liu - Cushman & Wakefield
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
Newark Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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