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125 Gaither Dr, Mount Laure...

Strategic Funding Alternatives LLC Acquires Office Complex In Mount Laurel From NAI Capital
SOLDOffice

Strategic Funding Alternatives LLC Acquires Office Complex In Mount Laurel From NAI Capital

125 Gaither Dr, Mount Laurel Townshi...

Building Size

115,733 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

An investment firm, Strategic Funding Alternatives LLC, has acquired an office and flex complex located at 125 Gaither Dr in Mount Laurel Township. The complex, known as East Gate Business Center, spans eight buildings and measures 115,733 square feet on a nine-acre property. The transaction closed with terms undisclosed, and the complex is currently 90 percent leased.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Seller's Representative: Scott Mertz(NAI Capital)
  • Buyer: Strategic Funding Alternatives LLC
  • Square Footage: 115,733

NAI Mertz President Scott Mertz, along with his team, represented the seller in the deal. They have served as the exclusive leasing agents at East Gate since 1998 and are pleased to have facilitated the transaction with the buyer. Strategic Funding Alternatives LLC expressed plans to upgrade the property’s signage, common areas, and landscaping to enhance the complex further and attract new tenants.

Players

Scott Mertz

NAI Global

Broker

$44.9M

vol

15 deals

Broker
SL
Strategic Funding Alternatives LLCBuyer

Market 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