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, which was purchased by Ridgecut Road.
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 includes 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 secure trailer parking, providing a stable, investment-grade income.
The rest of the site is leased by a regional trucking and logistics firm servicing the ports of New Jersey and New York.
The JLL Investment Sales and Advisory team representing the seller included Managing Directors Jason Lundy and Nicholas Stefans, along with Senior Analyst Luke Ceccoli.
Senior Managing Director Michael Klein, Senior Director Max Custer and Analysts Kevin Badger and Matthew McManus arranged the financing for the borrower.
“We continue to see institutional capital flows throughout the IOS sector, especially for assets with functional improvements, investment-grade cash-flow with future upside and immediate highway connectivity to capitalize on the accelerating demand for logistics infrastructure,” said Lundy.
“The JLL Capital Markets platform is well-equipped and committed to our growing IOS advisory platform to service our clients throughout the entire deal life cycle.”
Located less than 2 miles from Interstate 287 and under 5 miles from both Interstate 95 and the New Jersey Turnpike, the site provides direct connectivity throughout the tri-state region.
The location reaches more than 244 million consumers — about 73% of the U.S. population — within one day’s drive.
Port Newark, the largest port on the East Coast, is 25 miles away and moved over 8.8 million twenty-foot equivalent units in 2025.
