Jonathan Klear Of NAI Mertz Represents Buyer In Acquisition Of 116 Gaither Drive Industrial Facility
116 Gaither Drive
Building Size
106,000 SF
Asset Type
Industrial
Closing
Nov 12, 2025
AI
116 Gaither Drive is a 106,000-square-foot industrial facility located in Mount Laurel. The property consists of warehouse, manufacturing, and distribution space and has direct access to Route 73, I-295, and the New Jersey Turnpike.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 116 Gaither Drive
- Market: Mount Laurel
- Square Footage: 106,000
NAI Mertz’s Jonathan Klear represented the buyer in the acquisition of the property, facilitating the transaction with his expertise in the industrial real estate market.
Players
Mount Laurel 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93