Endurance Real Estate Group Leases Industrial Space To United Fulfillment In Burlington Township
2609 Rancocas-Springfield Road
Building Size
217,986 SF
Asset Type
Industrial
Closing
Nov 9, 2023
AI
The 217,986 square foot industrial property located at 2609 Rancocas-Springfield Road in Burlington has been leased to United Fulfillment. The property is part of the Rancocas 5 Industrial Park, developed by Endurance Real Estate Group. This lease contributes to the park's full occupancy, highlighting the strong demand for quality warehouse space in Burlington County.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2609 Rancocas-Springfield Road
- Market: Burlington
The landlord, Endurance Real Estate Group, was represented by Albert J. Corr. The tenant, United Fulfillment, secured the lease with the assistance of Allen Ding from Visionaire Real Estate and Casey Mungo from Daum Commercial Real Estate Services. JLL, represented by Dean Torosian, Matt Kemery, and Nate Demetsky, collaborated with Endurance Real Estate Group to achieve full occupancy for the Rancocas 5 Industrial Park.
Players
Burlington 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