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Dov Hertz Of NAI Mertz Represents Buyer DHPH In $7.4M Industrial Sale In Swedesboro

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SOLD
$7,400,000

New Jersey

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Industrial55,000 SF
Sold 03/20/2025
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SOLD

Dov Hertz Of NAI Mertz Represents Buyer DHPH In $7.4M Industrial Sale In Swedesboro

509 Heron Drive

See Similar Deals
Industrial55,000 SF
Sold 03/20/2025
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$134
Total Square Footage:55,000 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 509 Heron Drive in Swedesboro. It is classified as an industrial asset with a total square footage of 55,000. The transaction was finalized at a sale price of $7,400,000, translating to a price per square foot of $134.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,400,000
  • Sale Price per Square Foot: $134
  • Size: 55,000 SF
  • Address: 509 Heron Drive
  • Market: Swedesboro
  • Buyer: DHPH - Dov Hertz
  • Seller: CoreOne
  • Buyer's Representative: Jonathan Klear - NAI MERTZ

This transaction was an off-market deal facilitated by Jonathan Klear from NAI MERTZ. The buyer is Dov Hertz, who represents DHPH. Interested parties for leasing inquiries about the facility, which includes over 3 acres of secured IOS, are encouraged to contact Jonathan Klear and NAI MERTZ.

Players

Jonathan Klear
9 deals$33.4M volume(310) 740-7741
BROKER

Details

SOLD
IMAGE: Jonathan Klear & Dov Hertz DATE: 03/20/2025 ADDRESS: 509 Heron Drive MARKET: Swedesboro ASSET TYPE: Industrial BUYER: DHPH - Dov Hertz SELLER: CoreOne BUYER'S REP: Jonathan Klear - NAI MERTZ (@NAIGlobal) SALE PRICE: $7,400,000 SF: 55,000 ~ PPSF: $134 NOTE FROM BUYER'S REP: Off Market deal handled by Jonathan Klear at NAI Mertz. Contact Jonathan Klear and Mertz for leasing inquiries about this free standing facility with over 3 Acres of secured IOS

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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