Federation Distribution Services Inc. Leases 104451 Square Feet Industrial Space At 461 Ridge Road
Building Size
104,451 SF
Asset Type
Industrial
Closing
Nov 26, 2024
AI
An industrial asset located at 461 Ridge Road in South Brunswick features a total square footage of 104,451. The property has been leased, representing half of the building's space, under a lease term of 65 months.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Lease Term: 65 months
- Address: 461 Ridge Road
- Market: South Brunswick
- Landlord: Woodmont Industrial Partners
- Landlord's Representative: Gary Politi & Michael Viera - JLL
- Tenant: Federation Distribution Services Inc.
- Tenant's Representative: Monica Franco - Lee & Associates
The lease at this industrial site was negotiated by JLL on behalf of the landlord partnership, which includes Woodmont Industrial Partners and Sagard Real Estate. Lee & Associates represented the tenant, Federation Distribution Services Inc., facilitating this transaction.
Players
Market 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