Gates Realty Corp. Acquires Industrial Property At 360 Crider Avenue For $5.675M
360 Crider Avenue
$5,675,000
$94/SF
Building Size
60,000 SF
Asset Type
Industrial
Closing
Jun 4, 2025
AI
The property involved in this transaction is an industrial asset located at 360 Crider Avenue in Moorestown. The sale price for this property was $5,675,000, with a total square footage of 60,000 and a price per square foot of $94.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,675,000
- Address: 360 Crider Avenue
- Market: Moorestown
- Square Footage: 60,000
- Price per Square Foot: $94
- Buyer: Gates Realty Corp.
- Seller: Joseph Landau
- Broker: Jonathan Klear - NAI MERTZ
The transaction was facilitated by Jonathan Klear, who represented the seller, Joseph Landau, in this deal. Gates Realty Corp. acted as the buyer for the property, marking a significant transaction in the industrial market of Moorestown.
Players
Moorestown 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
2.80%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93