facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Industrial

/

Sale

/

400 Benigno Boulevard, Bell...

Ivy Realty Acquires Industrial Property In Bellmawr For $19.25M
SOLDIndustrial

Ivy Realty Acquires Industrial Property In Bellmawr For $19.25M

400 Benigno Boulevard, Bellmawr, New Jersey 08031, United States

$19,250,000

$112/SF

Building Size

171,500 SF

Asset Type

Industrial

Closing

Jul 18, 2022

AI

Ivy Realty has acquired an industrial property located at 400 Benigno Boulevard and 101 Haag Avenue in Bellmawr. The property spans across 18.78 acres and is situated in a thriving industrial market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $19,250,000
  • Square Footage: 171,500
  • Price per Square Foot: $112

The acquisition was facilitated by the team from CBRE, including Dan McGovern, Stephen Marzullo, and Adam Silverman. They represented Ivy Realty throughout the deal, ensuring a successful transaction.

Players

Stephen Marzullo

CBRE

Broker

$108M

vol

9 deals

Broker
Ivy Realty
Ivy RealtyBrokerage
Ivy Realty
Ivy RealtyBuyer

Bellmawr 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

0.82%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93