Updated Oct 28, 2024
Delran Associates LLC Acquires 14.66 Acres Of Land In Delran For $2.25M
Rt 130, Delran Township, New Jersey 08075, United States
$2,250,000
Building Size
—
Asset Type
—
Closing
Apr 17, 2022
About this deal
AI
Delran Associates LLC has recently acquired a 14.66-acre parcel of land located on Route 130 South in Delran. The transaction was facilitated by Jeffrey Lucas, the representative from Rose Commercial Real Estate. The seller, Kamdy LLC, agreed to sell the property for a total price of $2,250,000.
Summary of transation details
- Property Type: Land
- Transaction Amount: $2,250,000
- Address: Route 130 South, Delran
- Market: Delran
- Property Size: 14.66 acres
This deal marks an important acquisition for Delran Associates LLC as they expand their portfolio in the Delran market. Both buyer and seller reached an agreement on the purchase price, and Jeffrey Lucas from Rose Commercial Real Estate represented the buyer throughout the transaction. The 14.66-acre land offers potential for various development opportunities in Delran.
On the Map
$2,250,000
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Delran CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93