Provender Partners Acquires Industrial Property In Delanco, NJ For $39.7M
1000 Coopertown Rd, Delanco, Nj, Usa
$39,650,000
$155/SF
Building Size
255,000 SF
Asset Type
Industrial
Closing
Sep 17, 2021
AI
Provender Partners has acquired an industrial property located at 1000 Coopertown Road in Delanco, NJ. The property spans across 255,000 square feet and was sold by Stanker & Galetto. The transaction, which took place on 09/17/2021, had a sale price of $39,650,000, resulting in a price per square foot of $155.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $39,650,000
- Date: 09/17/2021
- Address: 1000 Coopertown Road, Delanco, NJ
- Market: Delanco, NJ
- Buyer: Provender Partners
- Seller: Stanker & Galetto
- Brokers: Kurt Montagano, Mike Margolis & Dave Dolan - Newmark
The deal was facilitated by Kurt Montagano, Mike Margolis, and Dave Dolan from Newmark.
Players
Delanco Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93