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405 Heron Drive, Logan Town...

NAI Mertz Brokers $26M Industrial Sale Of 405 Heron Dr. In Logan Township, NJ
SOLDIndustrial

NAI Mertz Brokers $26M Industrial Sale Of 405 Heron Dr. In Logan Township, NJ

405 Heron Drive, Logan Township, NJ, USA

$26,000,000

$102/SF

Building Size

254,220 SF

Asset Type

Industrial

Closing

Aug 19, 2021

AI

Located at 405 Heron Drive in Logan Township, NJ, this industrial property was recently sold in a closed transaction. The deal was facilitated by Scott Mertz of NAI Mertz.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $26,000,000
  • Square Footage: 254,220
  • Price per Square Foot: $102

The property at 405 Heron Drive offers a sizable industrial space spanning 254,220 square feet. The sale price for this transaction amounted to $26,000,000, resulting in a price per square foot of $102. Scott Mertz of NAI Mertz played a key role in facilitating the deal, bringing together the buyer and the seller.

Players

Scott Mertz

NAI Global

Broker

$44.9M

vol

15 deals

Broker

Swedesboro 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

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93