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Approved Fire Protection Acquires Industrial Property From PepsiCo Frito-Lay For $4.7M

Property Image
SOLD
$4,700,000
Kyle Gerace
SG
Christopher Chiusolo

New Jersey

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Industrial20,269 SF
Sold 12/15/2025
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Property Image
SOLD

Approved Fire Protection Acquires Industrial Property From PepsiCo Frito-Lay For $4.7M

85 Commerce Drive

See Similar Deals
Industrial20,269 SF
Sold 12/15/2025
Kyle Gerace
SG
Christopher Chiusolo
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$231
Total Square Footage:20,269 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 85 Commerce Drive in Somerset. It is an industrial asset with a sale price of $4,700,000, comprising a total area of 20,269 square feet, resulting in a price per square foot of $231.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,700,000
  • Address: 85 Commerce Drive
  • Market: Somerset
  • Square Feet: 20,269
  • Price per Square Foot: $231
  • Buyer: Approved Fire Protection
  • Seller: PepsiCo/Frito-Lay
  • Brokers: Christopher Chiusolo, Kyle Gerace & Sweemit Goswami - NAI DiLeo-Bram & Co.

The transaction featured prominent individuals in the brokerage field, specifically Christopher Chiusolo, Kyle Gerace, and Sweemit Goswami, representing the parties involved in the sale through NAI DiLeo-Bram & Co.

Players

Kyle Gerace
NAI Global
Kyle Gerace
5 deals$48.9M volume
BROKER
SG
Sweemit Goswami
1 deal$4.7M volume
BROKER
Christopher Chiusolo
NAI DiLeo-Bram & Co.
Christopher Chiusolo
2 deals$22.9M volume
BROKER

Details

SOLD
IMAGE: Christopher Chiusolo, Kyle Gerace & Sweemit Goswami DATE: 12/15/2025 ADDRESS: 85 Commerce Drive MARKET: Somerset ASSET TYPE: Industrial BUYER: Approved Fire Protection SELLER: PepsiCo/Frito-Lay (@FritoLay) BROKERS: Christopher Chiusolo, Kyle Gerace & Sweemit Goswami - NAI DiLeo-Bram & Co. SALE PRICE: $4,700,000 SF: 20,269 ~ PPSF: $231

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$250,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
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