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116 Gaither Drive

Jonathan Klear Of NAI Mertz Represents Buyer In Acquisition Of 116 Gaither Drive Industrial Facility
SOLDIndustrial

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

Jonathan Klear

NAI Global

Broker

$33.4M

vol

9 deals

Broker
NAI Global
NAI GlobalBrokerage

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