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
Bellmawr 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
0.82%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93