Kal Freight Inc. Acquires 30,000 SF Property In Hampton With Broker Daniel Badenhausen
15 Nj-173, Hampton, NJ, 08827
Building Size
30,000 SF
Asset Type
Warehouse
Closing
Nov 19, 2023
AI
15 Route 173 is a 30,000-square-foot warehouse situated on 13 acres in Hampton, NJ. It features a robust truck terminal with clear ceiling heights ranging from 15 to 20 feet, and it offers ample trailer parking. The property is strategically located along the I-78 and I-81 corridor, providing access to the East Coast, Midwest, and Southeast. It also includes 50 loading doors and cross-docking capabilities, enhancing its functionality for logistics operations.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: Not disclosed
- Address: 15 Nj-173, Hampton, NJ, 08827
- Market: Hampton
- Buyer: Kal Freight Inc.
- Buyer’s Representative: Daniel Badenhausen-Cushman & Wakefield
- Seller: Not disclosed
- Square Footage: 30,000
Kal Freight Inc., based in Chino, California, is expanding its operations with this acquisition, complementing its existing presence in Dallas and Indianapolis. The addition of the New Jersey location allows the company to enhance its reach on the East Coast, facilitating access to the entire continental U.S. Daniel Badenhausen and Andrew Stypa, part of Cushman & Wakefield’s tenant representation team in Iselin, NJ, represented the buyer in this transaction.
Players
Hampton Warehouse Market Snapshot
Boundary boundary · Warehouse · 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