Updated Dec 5, 2024
MCI Cleaning Services Leases 5250 Square Feet Industrial Space At 725 Hylton Road Pennsauken
725 Hylton Road
Building Size
5,250 SF
Asset Type
Industrial
Closing
Nov 22, 2024
About this deal
AI
The lease transaction involved 5,250 square feet of flex/light industrial space located at 725 Hylton Road Unit 102 in the Pennsauken market. The property is strategically positioned with access to Routes 73 and 130, as well as the Tacony-Palmyra Bridge.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 725 Hylton Road Unit 102
- Market: Pennsauken
- Tenant: MCI Cleaning Services
- Broker: Corey Hassman - WCRE
Corey Hassman of WCRE represented the transaction, adding to the agency's expanding portfolio of flex/light industrial leases in South Jersey.
Players
Pennsauken 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