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6 Berry Drive

Camber Real Estate Partners And Invesco Real Estate Acquire Industrial Portfolio In Burlington County
SOLDIndustrial

Camber Real Estate Partners And Invesco Real Estate Acquire Industrial Portfolio In Burlington County

6 Berry Drive & 110 Mount Holly Bypass

Building Size

768,670 SF

Asset Type

Industrial

Closing

Jan 27, 2025

AI

A five-building industrial portfolio located at 6 Berry Drive, 110, 120, 130 & 140 Mount Holly Bypass, has been acquired by Camber Real Estate Partners in partnership with Invesco Real Estate. The total square footage of the portfolio is 384,335, situated in the Hainesport & Lumberton market. The properties are designed with modern industrial features including 30+-foot-clear ceilings, addressing the demand for last-mile logistics in a rapidly growing region near the NJ Turnpike Exit 5 logistics corridor.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 6 Berry Drive, 110, 120, 130 & 140 Mount Holly Bypass
  • Market: Hainesport & Lumberton
  • Asset Size: 384,335 SF
  • Buyer: Chris Bellapianta & Kevin Interlicchio - Camber Real Estate Partners; Darren Xu & R. Scott Dennis - Invesco Real Estate
  • Broker: Brad Ruppel, Joe Hill & Michael Hines - CBRE

The acquisition highlights the collaborative efforts between Camber Real Estate Partners and Invesco Real Estate in securing this portfolio, driven by strategic interests in high-demand logistics spaces. The broker team from CBRE facilitated the transaction, bringing expertise in the local industrial market to the process.

Players

Brad Ruppel

CBRE

Broker

$913.1M

vol

14 deals

Broker

Hainesport 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93