Delran Associates LLC Acquires 14.66 Acres Of Land In Delran For $2.25M
SOLD
$2,250,000
New Jersey
See Similar DealsSold 04/18/2022
SOLD
Delran Associates LLC Acquires 14.66 Acres Of Land In Delran For $2.25M
Rt 130, Delran Township, New Jersey 08075, United States
See Similar DealsSold 04/18/2022
Summary
NEW JERSEY
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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