Branch Of The U.S. Army Corps Of Engineers Leases Space In Marlton Shopping Center
140 Route 73 N, Marlton, NJ, 08053
Building Size
2,500 SF
Asset Type
Commercial
Closing
Nov 22, 2023
AI
The property involved in this transaction is a commercial asset located at 140 Route 73 N, Marlton, NJ, 08053. It encompasses a total of 2,500 square feet and is situated within the Plaza 73 Shops, accessible from Route 70, Interstate 295, and the New Jersey Turnpike. The landlord for this transaction is RPC Real Estate.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not specified
- Address: 140 Route 73 N, Marlton, NJ, 08053
- Landlord: RPC Real Estate
- Landlord's Representative: Monica Walsh - Vantage RES
- Tenant: Branch of the U.S. Army Corps of Engineers
- Square Feet: 2,500
This lease reflects a long-term commitment with the U.S. military planning to establish a new recruiting office for the Marine Corps. Monica Walsh, serving as the Executive Vice President of Vantage Real Estate Services, managed the transaction and collaborated with Alisa M. Pittman, the supervisory realty specialist of the Metro New York and New Jersey team acquisition branch of the Army Corps' New York District, to fulfill the military's specific layout and location needs.
Players
Marlton Commercial Market Snapshot
Boundary boundary · Commercial · Lease 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