Provender Partners Acquires Industrial Property In Delanco, NJ For $39.7M
SOLD
$39,650,000
+ 1
New Jersey
See Similar DealsIndustrial255,000 SF
Sold 09/17/2021
SOLD
Provender Partners Acquires Industrial Property In Delanco, NJ For $39.7M
1000 Coopertown Rd, Delanco, Nj, Usa
See Similar DealsIndustrial255,000 SF
Sold 09/17/2021
+ 1
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$155
Total Square Footage:255,000 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,114,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$140,868.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$187,961.23
Annual Debt Service$2,255,534.74
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