Updated Dec 5, 2024
Breakaway Enterprises Leases 15,040 Square Feet Industrial Space At 8400B Remington Avenue In Pennsauken
8400b Remington Avenue
Building Size
15,040 SF
Asset Type
Industrial
Closing
Nov 7, 2024
About this deal
AI
The industrial property located at 8400B Remington Avenue in Pennsauken features a total square footage of 15,040. This asset serves as the new location for Breakaway Enterprises, a company specializing in commercial refrigeration gaskets, allowing the tenant to expand their operations effectively.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 8400B Remington Avenue
- Market: Pennsauken
- Tenant: Breakaway Enterprises
- Brokers: Emily Stein & Vince Ceroli - Vantage Commercial Real Estate
Emily Stein and Vince Ceroli from Vantage Commercial Real Estate represented Breakaway Enterprises in this leasing transaction. The new location is strategically positioned, providing necessary access to major routes and space for future growth opportunities.
On the Map
Industrial
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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