Gates Realty Corp. Acquires Industrial Property At 360 Crider Avenue For $5.675M
SOLD
$5,675,000
New Jersey
See Similar DealsIndustrial60,000 SF
Sold 06/05/2025
SOLD
Gates Realty Corp. Acquires Industrial Property At 360 Crider Avenue For $5.675M
360 Crider Avenue
See Similar DealsIndustrial60,000 SF
Sold 06/05/2025
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$94
Total Square Footage:60,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$302,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,162.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,902.40
Annual Debt Service$322,828.74
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