Will Gilkeson And Raouf Tawfik Acquire Industrial Property In Edison For $8.5M
1 Nixon Lane
$8,500,000
$833/SF
Building Size
10,200 SF
Asset Type
Industrial
Closing
Jun 15, 2025
AI
The property involved in this transaction is an industrial asset located at 1 Nixon Lane in the Edison market, specifically at Exit 10. The sale price of the property was set at $8,500,000, encompassing a total square footage of 10,200, translating to a price per square foot of $833.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,500,000
- Address: 1 Nixon Lane
- Market: Edison (Exit 10)
- Square Footage: 10,200
- Price Per Square Foot: $833
- Buyer: Will Gilkeson & Raouf Tawfik - BLP - Bridge Logistics Properties
- Broker: Jason Barton - Cushman & Wakefield
The deal was facilitated by Jason Barton representing the broker agency Cushman & Wakefield. The buyer group consists of Will Gilkeson and Raouf Tawfik, who are associated with Bridge Logistics Properties, indicating a strategic move in the industrial property sector.
Players
Edison Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93