Cinnaminson Industrial Lease Of 1,200,000 SF Between Landlord Logistics Property Co And Tenant Aligned Holdings
995 Taylors Lane
Building Size
1,200,000 SF
Asset Type
Industrial
Closing
May 28, 2025
AI
The property asset involved in the transaction is an industrial space located at 995 Taylors Lane in Cinnaminson, featuring a substantial square footage of 1,200,000. The lease transaction marks a significant addition to the local industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 995 Taylors Lane
- Market: Cinnaminson
- Landlord: James G. Martell - Logistics Property Co
- Landlord's Representative: Sean Duncan, Bill Waxman, John Gartland, Jonas Skovdal & Mindy Lissner - Cushman & Wakefield
- Tenant's Representative: Eric Demmers - NAI James E. Hanson
This deal involves key individuals and companies such as James G. Martell, who represents the landlord, and Eric Demmers, who represents the tenant, highlighting the roles of multiple brokers from Cushman & Wakefield in facilitating the lease agreement.
Players
Cinnaminson 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