Ivy Realty Acquires Industrial Property In Bellmawr For $19.25M
SOLD
$19,250,000
New Jersey
See Similar DealsIndustrial171,500 SF
Sold 07/19/2022
SOLD
Ivy Realty Acquires Industrial Property In Bellmawr For $19.25M
400 Benigno Boulevard, Bellmawr, New Jersey 08031, United States
See Similar DealsIndustrial171,500 SF
Sold 07/19/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$112
Total Square Footage:171,500 SF
Transaction Type:Sale
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
BROKERAGE
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,026,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$68,391.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$91,254.82
Annual Debt Service$1,095,057.85
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