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5 Wheeling Rd, South Brunsw...

Updated Oct 29, 2024

Greenway Products & Services Leases Industrial Building In South Brunswick Township
LEASEDIndustrial

Greenway Products & Services Leases Industrial Building In South Brunswick Township

5 Wheeling Rd, South Brunswick Town...

Building Size

42,000 SF

Asset Type

Industrial

Closing

Nov 22, 2023

About this deal

AI

Located at 5 Wheeling Road in South Brunswick Township's Dayton section, the industrial building spans 42,000 square feet. The property boasts 21-foot ceiling heights, seven tailboards, one drive-in door, and two rail doors. Situated on more than five acres, it also offers extra land for trailer parking or outside storage. The building provides quick access to Exit 8A of the New Jersey Turnpike and routes 1 and 130, making it a strategic location for businesses.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Landlord: Budd Development Co.
  • Tenant: Greenway Products & Services
  • Square Feet: 42,000
  • Landlord's Rep: Stephen Nozza (Bussel Realty)

Stephen Nozza, a Senior Vice President at Bussel Realty Corp, represented the landlord, Budd Development Co., in the deal with Greenway Products & Services. This transaction marks Nozza's continued partnership with Budd Development, representing their properties for over a decade. On the tenant side, Greenway Products was represented by The Blau & Berg Co.

Players

Stephen Nozza

Bussel Realty

Broker

1 deal

Broker

Wellington Industrial Market Snapshot

Boundary boundary · Industrial · Lease 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

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