facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

All

/

Sale

/

500 W Elmer Rd, Vineland, N...

Cushman & Wakefield Sells Property On W Elmer Rd In Vineland, NJ
SOLD

Cushman & Wakefield Sells Property On W Elmer Rd In Vineland, NJ

500 W Elmer Rd, Vineland, NJ, 08360

Building Size

Asset Type

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.

Players

Matthew Marshall

Marshall Real Estate

Broker

$144.4M

vol

26 deals

Broker
Cushman & Wakefield
Cushman & WakefieldSeller

Vineland CRE Market Snapshot

Boundary boundary · CRE · 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