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140 Route 73 N, Marlton, NJ...

Branch Of The U.S. Army Corps Of Engineers Leases Space In Marlton Shopping Center
LEASEDCommercial

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

Monica Walsh

Vantage RES

Broker

5 deals

Broker
RE
RPC Real EstateLandlord

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