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332 Haddon Ave, Haddon Town...

332 Haddon, LLC Acquires Office Building In Hayden For 4100 SF
SOLDOffice

332 Haddon, LLC Acquires Office Building In Hayden For 4100 SF

332 Haddon Ave, Haddon Township, N...

Building Size

4,100 SF

Asset Type

Office

Closing

Feb 8, 2019

AI

332 Haddon Avenue is a free standing +/- 4,100 SF multi-tenanted office building. This recently updated building is conveniently located within the heart of the growing Westmont business district at 332 Haddon Ave, Haddon Township, New Jersey. The property was sold in a transaction that took place on 02/08/2019 in the Hayden market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 332 Haddon Ave, Haddon Township, New Jersey
  • Market: Hayden
  • Seller's Representative: Ryan J. Barikian (Wolf Commercial Real Estate)
  • Buyer: 332 Haddon, LLC
  • Square Footage: 4100 SF

Ryan Barikian, a senior associate of WCRE, exclusively represented the Seller, Haddon Building Group, LLC, in the marketing and sale of 332 Haddon Avenue to the Buyer, 332 Haddon, LLC. The transaction successfully concluded with the property changing ownership in Haddon Township, New Jersey.

Players

Ryan J. Barikian

Wolf Commercial Real Estate

Broker

7 deals

Broker

Hayden Office Market Snapshot

Boundary boundary · Office · Sale 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