Updated Oct 12, 2026
Velocity Venture Partners Secures 10-Year Lease Renewal With Almag Aluminum In Pennsauken For 163,000 SF
9000 River Road
Building Size
163,000 SF
Asset Type
Industrial
Closing
Oct 9, 2026
About this deal
AI
The property involved in this transaction is a 163,000-square-foot industrial facility located at 9000 River Road in Pennsauken, New Jersey. The property is categorized under industrial asset types and is part of the Pennsauken Logistics Center, which is now at 98% occupancy.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 9000 River Road
- Market: Pennsauken, NJ
- Lease Term: 10-year
- Landlord: Tony Grelli - Velocity Venture Partners
- Tenant: Almag Aluminum
The lease renewal was secured by Velocity Venture Partners with Almag Aluminum, maintaining a strong presence in the facility. The renewal contributes to the overall occupancy rate of the logistics center and reflects a weighted-average lease term for the onsite manufacturers exceeding 10.5 years.
On the Map
Industrial
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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