Clarion Partners & MRP Industrial Acquire Development Site In Burlington For $110.5M
SOLD
$110,500,000
New Jersey
See Similar DealsDevelopment Site1,050,266 SF
Sold 01/08/2021
SOLD
Clarion Partners & MRP Industrial Acquire Development Site In Burlington For $110.5M
1900 River Road, Burlington, NJ, USA
See Similar DealsDevelopment Site1,050,266 SF
Sold 01/08/2021
Summary
NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$105
Total Square Footage:1,050,266 SF
Transaction Type:Sale
A development site located at 1900 River Road in Burlington was recently sold for $110,500,000. The transaction took place on January 8, 2021. The property is an asset type classified as a development site.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $110,500,000
- Address: 1900 River Road, Burlington
- Market: Burlington
- Buyer: Clarion Partners & MRP Industrial
- Seller: Stag Industrial - Benjamin Butcher
- Broker: Lee & Associates
The buyer of the property was a partnership between Clarion Partners and MRP Industrial, while the seller was Stag Industrial, represented by Benjamin Butcher. Lee & Associates acted as the broker in this deal.
Players
BUYER
BUYER
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,893,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$392,583.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$523,826.37
Annual Debt Service$6,285,916.49
Is there something missing? Send suggestions