Property Reserve Inc Acquires 450,330 Square Foot Industrial Facility In Monroe Township From Morgan Stanley
1065 Cranbury-South River Road
Building Size
450,330 SF
Asset Type
Industrial
Closing
Jun 4, 2026
AI
The property asset involved in the transaction is an industrial facility located at 1065 Cranbury-South River Road in Monroe Township, New Jersey. This facility spans 450,330 square feet and was built in 2018. It is fully leased to Iron Mountain, reflecting its functional characteristics and current occupancy status.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1065 Cranbury-South River Road
- Market: Monroe Township, NJ
- Asset Size: 450,330 square feet
- Buyer: Ashley Powell - Property Reserve Inc
- Seller: Ted Pick - Morgan Stanley
- Brokers: Brian Fiumara & Brad Ruppel - CBRE
The deal involved Ashley Powell representing Property Reserve Inc. as the buyer and Ted Pick representing Morgan Stanley as the seller. Brokers Brian Fiumara and Brad Ruppel from CBRE facilitated the transaction, managing both sides effectively.
Players
Otterbein 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93