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1 Nixon Lane

Will Gilkeson And Raouf Tawfik Acquire Industrial Property In Edison For $8.5M
SOLDIndustrial

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

Jason Barton

Cushman & Wakefield

Broker

$8.5M

vol

11 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Will Gilkeson

BLP - Bridge Logistics Properties

Buyer

$297.7M

vol

5 deals

Buyer

Edison Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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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