Updated Oct 28, 2024
Imperium Capital Acquires Industrial Property In Cinnaminson, NJ For $5.8M
1000 Union Landing Road, Cinnaminson, New Jersey 08077, United States
$5,800,000
$580/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Oct 20, 2022
About this deal
AI
An industrial property located at 1000 Union Landing Rd in Cinnaminson, NJ, has been sold. The property is a truck maintenance facility situated on 6.2 acres of land. The sale took place on 10/21/2022, and the buyers were Imperium Capital represented by Daniel Glaser, Sam Schneider, and Tom Mammolito, along with Drake Real Estate Partners. The seller was Colonial Land Enterprises. The sale price for the property was $5,800,000, with a total area of 10,000 square feet, resulting in a price per square foot of $580.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,800,000
- Address: 1000 Union Landing Rd
- Market: Cinnaminson, NJ
Key individuals and companies involved in the transaction include Imperium Capital, represented by Daniel Glaser, Sam Schneider, and Tom Mammolito, along with Drake Real Estate Partners as their broker representative. The seller, Colonial Land Enterprises, completed the deal.
Players
Cinnaminson 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93