Velocity Ventures Acquires Property At 2301 Haddonfield Rd In Pennsauken With Broker Representation
2301 Haddonfield Road
Building Size
37,856 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
A 37,856-square-foot industrial property has been sold located at 2301 Haddonfield Road, Pennsauken, N.J. This property features 16-foot clear heights and is positioned for convenient access to the Cherry Hill Commuter Rail. At the time of sale, Maple Direct Printing served as the anchor tenant of the building.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2301 Haddonfield Rd, Pennsauken, N.J.
- Seller's Representative: Marc Isdaner & Ian Richman - Colliers International
- Buyer: Velocity Ventures
- Seller: The Bloom Organization
Colliers International facilitated the transaction, with Ian Richman and Marc Isdaner representing the seller. Velocity Ventures has been identified as the buyer in this transaction.
Players
Pennsauken 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