facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Industrial

/

Sale

/

509 Heron Drive

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

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

509 Heron Drive

$7,400,000

$134/SF

Building Size

55,000 SF

Asset Type

Industrial

Closing

Mar 20, 2025

AI

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

NAI Global

Broker

$33.4M

vol

9 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

2.14%

Cash-on-Cash

-0.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93