Columbia Care Acquires Property In Vineland With Sellers' Representatives Fred Meyer And Jonathan Klear
1560 NW BLVD, Vineland, NJ, 08360
Building Size
50,274 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
Columbia Care has purchased a 50,274-square-foot industrial property located at 1560 N.W. Blvd., Vineland, NJ, which features 27-foot ceiling heights and 2,749 square feet of office space. The property was vacant at the time of the sale, and is situated approximately 40 miles south of Philadelphia.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Address: 1560 NW Blvd, Vineland, NJ, 08360
- Market: Vineland
- Seller's Representative: Fred Meyer & Jonathan Klear - NAI Mertz
- Buyer: Columbia Care
- Square Footage: 50,274
- Ceiling Heights: 27 feet
- Office Space: 2,749 square feet
- Status: Vacant at time of sale
Jonathan Klear and Fred Meyer of NAI Mertz represented the seller, LS Capital, in this transaction.
Vineland Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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