Updated Mar 31, 2026
Approved Fire Protection Acquires Industrial Property From PepsiCo Frito-Lay For $4.7M
85 Commerce Drive
$4,700,000
$231/SF
Building Size
20,269 SF
Asset Type
Industrial
Closing
Dec 14, 2025
About this deal
AI
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.
On the Map
$4,700,000
$231/SF
Industrial
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Players
Somerset 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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93