Aspen Real Estate Sells Industrial Building At 6 Terri Lane Burlington For $8.5M
6 Terri Lane
$8,500,000
$146/SF
Building Size
57,900 SF
Asset Type
Industrial
Closing
Jun 24, 2025
AI
The sale involved a 57,900 square foot industrial building located at 6 Terri Lane in Burlington, NJ, with a transaction price of $8,500,000. This property has undergone a full redevelopment from office space back to its industrial use, reflecting the ongoing interest in industrial assets in the region.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,500,000
- Square Footage: 57,900
- Address: 6 Terri Lane
- Market: Burlington
- Price Per Square Foot: $147
- Seller: Aspen Real Estate
- Brokers: Ian Richman & Ross Abramsohn - Colliers
Colliers facilitated the transaction, with Ian Richman and Ross Abramsohn representing Aspen Real Estate as the seller. The arrangement highlights the sustained demand for strategically located industrial properties in Southern New Jersey.
Players
Burlington 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93