Updated Aug 27, 2026
Robert Haas Acquires Industrial Property In Medford New Jersey From Vincent Spiezio III For $1.55M
612 Gravelly Hollow Road
$1,550,000
$93/SF
Building Size
16,542 SF
Asset Type
Industrial
Closing
Aug 25, 2026
About this deal
AI
The property asset involved in the transaction is a flex industrial building located at 612 Gravelly Hollow Road in Medford, New Jersey. This industrial asset encompasses a total area of 16,542 square feet and was sold for $1,550,000, translating to a price per square foot of $94.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,550,000
- Address: 612 Gravelly Hollow Road
- Market: Medford, NJ
- Square Footage: 16,542
- Price Per Square Foot: $94
- Buyer: Robert Haas
- Seller: Vincent Spiezio III - Mid Atlantic Mechanical
- Broker: Michelle Marinello - Rose Commercial Real Estate
In this transaction, Michelle Marinello represented both the seller, Vincent Spiezio III of Mid Atlantic Mechanical, and the buyer, Robert Haas. Additionally, Marinello facilitated leases that brought six new tenants to the property prior to the sale.
On the Map
$1,550,000
$93/SF
Industrial
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Players
Medford 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93