Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 200 East Pleasant Run Road
- Market: Wilmer
- Tenant: J&C Warehouse
- Brokers: Ben Wallace, Chris Teesdale & Tom Pearson - Colliers
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.
On the Map
Industrial
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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