Velocity Venture Partners Leases 155,000 SF Industrial Space To Ambiont Biopallets In Pennsauken
9000 River Road
Building Size
155,000 SF
Asset Type
Industrial
Closing
Apr 24, 2026
AI
The property asset involved in the transaction is an industrial facility located at 9000 River Road in Pennsauken. It spans 155,000 square feet, contributing to the market's demand in this location.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Lease Term: 10 years
- Landlord: Zach Moore & Tony Grelli - Velocity Venture Partners
- Tenant: Ambiont Biopallets
- Occupancy Rate: 98%
- Development Context: Redevelopment of the former Aluminum Shapes campus
Zach Moore and Tony Grelli, representing Velocity Venture Partners, completed the leasing deal with Ambiont Biopallets, which aims to add manufacturing jobs. This transaction marks a significant step in repositioning the site into a fully leased industrial hub, supporting domestic production.
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