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200 East Pleasant Run Road

J&C Warehouse Leases 271000 Square Feet Industrial Space In Wilmer Represented By Colliers
LEASEDIndustrial

J&C Warehouse Leases 271000 Square Feet Industrial Space In Wilmer Represented By Colliers

200 East Pleasant Run Road

Building Size

271,000 SF

Asset Type

Industrial

Closing

Sep 23, 2024

AI

The asset involved in this transaction is an industrial property located at 200 East Pleasant Run Road in Wilmer, featuring a total square footage of 271,000. This building is characterized by its 40-foot ceilings and cross-dock loading capabilities, which are significant features for industrial operations.

Summary of transaction details:

In this transaction, Colliers' brokers Ben Wallace, Chris Teesdale, and Tom Pearson represented the landlord in securing J&C Warehouse as the tenant. The lease-up was noted for being completed quickly, facilitated by a competitive rate and the property's high-quality design.

Players

Chris Teesdale

Colliers

Broker

4 deals

Broker

Wilmer 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