Ridgecut Road acquires prime industrial service facility and outdoor storage asset along the Interstate 287 Corridor
United States, March 26 -- JLL Capital Markets announced the $24.5 million sale and acquisition financing of 76 National Road, an approximately 5.5-acre, fully occupied industrial service facility in Edison, New Jersey.JLL represented the seller, K Group, and procured the buyer in the transaction. Additionally, JLL secured acquisition financing for Ridgecut Road through a regional bank.The fully occupied property offers a functional 25,000-square-foot warehouse with four dock doors, two drive-in doors and a clear height of 16 feet. FedEx Ground Package System currently occupies the site including secured trailer parking, providing stable, investment-grade income. The rest of the site is leased by a regional trucking and logistics firm servi...
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