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
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