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76 National Road

Ridgecut Road Acquires 5.5 Acre Industrial Facility From K Group In Edison For $24.5M
SOLDIndustrial

Ridgecut Road Acquires 5.5 Acre Industrial Facility From K Group In Edison For $24.5M

76 National Road

$24,500,000

$980/SF

Building Size

25,000 SF

Asset Type

Industrial

Closing

Mar 24, 2026

AI

The property asset involved in this transaction is a 5.5-acre industrial service facility located at 76 National Road in Edison. The facility was sold for $24,500,000 and encompasses a total square footage of 25,000, yielding a price per square foot of $980. It is fully leased to FedEx Ground and a regional logistics firm, ensuring stable, investment-grade cash flow and convenient access to Interstate 287, the New Jersey Turnpike, and Port Newark-Elizabeth.

Summary of transaction details:

This transaction highlights the roles of several key individuals; brokers Jason Lundy, Nick Stefans, and Luke Ceccoli were involved in representing the buyer, Ridgecut Road, while mortgage brokers Michael Klein, Max Custer, Kevin Badger, and Matthew McManus facilitated the financing through JLL. The involvement of multiple experienced professionals underscores the strategic nature of this industrial asset acquisition.

Players

Michael Klein

JLL

Broker

$2.6B

vol

77 deals

Broker
RR
Ridgecut RoadBuyer

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

0.65%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93