Camber Real Estate Partners Acquires Two Industrial Buildings In Bellmawr For $12.6M
440 Benigno Boulevard
$12,600,000
$128/SF
Building Size
98,000 SF
Asset Type
Industrial
Closing
Jun 26, 2025
AI
Camber Real Estate Partners has acquired two industrial buildings located at 420 & 440 Benigno Boulevard in Bellmawr, NJ. The transaction was finalized for a total of $12.6 million, with the properties encompassing 98,000 square feet. The price per square foot is calculated at $129.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,600,000
- Buyer: Christopher M. Bellapianta - Camber Real Estate Partners
- Seller: Adir Levitas - Faropoint
- Brokers: Ian Richman, Marc Isdaner & Ross Abramsohn - Colliers
- Square Footage: 98,000
- Price Per Square Foot: $129
The buyer, Camber Real Estate Partners, plans a multimillion-dollar renovation aimed at converting the acquired properties back into multi-tenant layouts. Leasing initiatives are set to proceed through Colliers, who represented the brokerage in this 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
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93