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
Swedesboro 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93