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15 Nj-173, Hampton, NJ, 08827

Kal Freight Inc. Acquires 30,000 SF Property In Hampton With Broker Daniel Badenhausen
SOLDWarehouse

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

Daniel Badenhausen

Lee & Associates

Broker

3 deals

Broker

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