Updated Oct 29, 2024
LBA Logistics Acquires Industrial Property On Delran Parkway For $10.7M
400 Delran Pkwy, Delran, NJ, 08075
$10,700,000
$61/SF
Building Size
174,000 SF
Asset Type
Industrial
Closing
Dec 21, 2018
About this deal
AI
The industrial property located at 400 Delran Parkway in Delran, NJ, 08075, has been acquired by LBA Logistics for $10,700,000.00. The building spans 174,000 square feet and is nestled within the Delran market, situated on more than 16 acres inside the Swedes Run Business Park.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,700,000.00
- Address: 400 Delran Pkwy, Delran, NJ, 08075
- Square Footage: 174,000
- Market: Delran
The undisclosed seller of the industrial property at 400 Delran Parkway, previously home to a Fortune 500 company, was represented in the transaction by John Plower, Larry Maister, Dean Torosian, and Nate Demetsky of JLL Capital Markets.
On the Map
$10,700,000
$61/SF
Industrial
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Players
Delran 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93