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49 Forest Lane

Updated Sep 23, 2026

Metropolitan Warehouse And Delivery Leases 530,000 Square Feet From Rockefeller Group In Carneys Point NJ
LEASEDIndustrial

Metropolitan Warehouse And Delivery Leases 530,000 Square Feet From Rockefeller Group In Carneys Point NJ

49 Forest Lane

Building Size

530,000 SF

Asset Type

Industrial

Closing

Sep 23, 2026

About this deal

AI

The property asset involved in the transaction is located at 49 Forest Lane Building A in Carneys Point, NJ. It is an industrial asset comprising 530,000 square feet, positioned within the Rockefeller Group Logistics Center, which has an additional building of 596,443 square feet available.

Summary of transaction details:

The deal highlights the involvement of several key individuals; Daniel J. Moore serves as the landlord, while Shawn Khan acts as the tenant. Thomas Monahan and Andrew Green represent the landlord through CBRE, whereas the tenant is represented by Michael Kimmel, Sean Kelly, and Hunter Reid from KBC Advisors, facilitating the expansion of Metropolitan Warehouse and Delivery from its previous location in Perth Amboy.

Players

Thomas Monahan

CBRE

Broker

$83M

vol

11 deals

Broker
Daniel J. Moore

Daniel J. Moore

Rockefeller Group

Landlord

$491M

vol

12 deals

Landlord
Shawn Khan

Shawn Khan

Metropolitan Warehouse and Delivery

Tenant
Tenant

Forest 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

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