Brandon Johnson Of Catalyst Investment Partners Buys Industrial Property For $3.83M
SOLD
$3,830,000
New Jersey
See Similar DealsIndustrial13,242 SF
Sold 07/01/2024
SOLD
Brandon Johnson Of Catalyst Investment Partners Buys Industrial Property For $3.83M
4 Larwin Road
See Similar DealsIndustrial13,242 SF
Sold 07/01/2024
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$289
Total Square Footage:13,242 SF
Transaction Type:Sale
The industrial property located at 4 Larwin Road in Cherry Hill, NJ, was sold for $3,830,000. The asset spans 13,242 square feet, resulting in a price per square foot of $289.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,830,000
- Buyer: Brandon Johnson - Catalyst Investment Partners
- Broker: Guy Hananya - Clear Height Advisors
Brandon Johnson of Catalyst Investment Partners acquired the industrial property, facilitated by Guy Hananya from Clear Height Advisors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$204,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,607.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,156.15
Annual Debt Service$217,873.85
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