Champions Services Leases Industrial Space In Swedesboro To GFI Partners
1 Warner Ct, Logan Township, NJ, 08085
Building Size
151,600 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The industrial property located at 1 Warner Ct in Logan Township, NJ, 08085 is a 151,600-square-foot facility. It is situated in the Swedesboro market, within the Pureland Industrial Park. The tenant, Champions Services, recently signed a full-building lease for this strategic industrial space. The landlord, GFI Partners, and the tenant's representatives were instrumental in facilitating this transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Tenant: Champions Services
- Tenant's Rep: Scott Mertz (NAI Capital)
- Landlord: GFI Partners
- Landlord's Rep: Marc Isdaner (Colliers International)
- Location: 1 Warner Ct, Logan Township, NJ, 08085
- Market: Swedesboro
- Square Feet: 151,600
The lease negotiations for the industrial space at 1 Warner Ct were overseen by Marc Isdaner of Colliers International, representing the landlord, GFI Partners. On the other side of the deal, Scott Mertz of NAI Mertz acted as the tenant's representative, championing the interests of Champions Services throughout the leasing process.
Players
Swedesboro Industrial Market Snapshot
Boundary boundary · Industrial · 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