Updated Dec 21, 2023
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
About this deal
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