Cushman & Wakefield Sells Property On W Elmer Rd In Vineland, NJ
500 W Elmer Rd, Vineland, NJ, 08360
Building Size
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Asset Type
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Closing
Nov 20, 2023
AI
The property involved in the transaction is located at 500 W Elmer Rd, Vineland, NJ, 08360. It is a manufacturing-warehouse facility encompassing 580,000 square feet situated on 65 acres in the Vineland market.
Summary of transaction details:
- Property Type: Manufacturing/Warehouse Facility
- Transaction Amount: Not disclosed
- Seller: Cushman & Wakefield
- Seller's Representative: Matthew Marshall - Marshall Real Estate
- Buyer: F&S Produce Co. Inc.
This transaction involved F&S Produce's expansion, allowing them to cut six months from their original plan of building a new facility in Cumberland County, NJ. Matthew Marshall, as the Managing Director, noted the significance of this facility sale for job retention and economic growth in Vineland, supported by his colleagues Brian Hilger and Gerry Blinebury.
Vineland CRE Market Snapshot
Boundary boundary · CRE · 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