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
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale 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