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7 Enterprise Ct, Washington...

Interstate Investments LLC Acquires Property In Washington Township With Broker Christopher Henderson
SOLDIndustrial

Interstate Investments LLC Acquires Property In Washington Township With Broker Christopher Henderson

7 Enterprise Ct, Washington Township...

Building Size

17,620 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

A nearly 18,000-square-foot flex industrial building located at 7 Enterprise Court in Washington Township has been acquired. The property, which consists of a single tenant, is situated on a 1.86-acre lot and encompasses a total of 17,620 square feet. The precise transaction amount has not been disclosed.

Summary of transaction details:

  • Property Type: Flex Industrial Building
  • Transaction Amount: Not disclosed
  • Address: 7 Enterprise Ct, Washington Township
  • Seller: AJP Realty Associates LLC
  • Buyer: Interstate Investments LLC
  • Seller's Representative: Christopher Henderson - WCRE
  • Broker Involved: Chris Henderson and Ryan Barikian from WCRE
  • Site Area: 1.86 acres
  • Square Footage: 17,620

The transaction was facilitated by brokers Chris Henderson and Ryan Barikian, who noted the property's strategic location near key transportation routes, including routes 55 and 47, Egg Harbor Road, and Interstate 295.

Players

Christopher Henderson

JLL

Broker

3 deals

Broker
IL
Interstate Investments LLCBuyer

Market Industrial Market Snapshot

Boundary boundary · Industrial · 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