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751 Nj-73, Evesham Township...

Edward Jones Leases 1,900 SF In Evesham Township Corporate Park From Veritas Real Estate
LEASEDCommercial

Edward Jones Leases 1,900 SF In Evesham Township Corporate Park From Veritas Real Estate

751 Nj-73, Evesham Township, NJ, 080...

Building Size

1,900 SF

Asset Type

Commercial

Closing

Nov 22, 2023

AI

A financial planning firm has leased nearly 2,000 square feet at The Atriums at Greentree in Evesham Township, NJ. The property, located at 751 Route 73 North, offers quick access to Route 70, the New Jersey Turnpike, and Interstate 295.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: Not specified
  • Tenant: Edward Jones
  • Landlord: Veritas Real Estate
  • Square Feet: 1900
  • Landlord's Rep: Monica Walsh (Vantage RES)

Monica Walsh of Vantage RES played a key role in representing both parties in the lease transaction. She worked closely with Edward Jones Financial Adviser Kelli Brack throughout the deal. Edward Jones, headquartered in St. Louis, has chosen a new office location in Marlton alongside notable co-tenants such as Cooper University Health System, Trinity Rehab, Sylvan Learning Center, and Xcat IT Solutions.

Players

Monica Walsh

Vantage RES

Broker

5 deals

Broker
VE
Veritas Real EstateLandlord

Edward Jones

Tenant

$4.6M

vol

2 deals

Tenant

Market Commercial Market Snapshot

Boundary boundary · Commercial · Lease transactions

Loading comparables…

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