Updated Oct 29, 2024
Fastener Dimensions Acquires Industrial Property In Pennsauken For $4.25M
6850 River Rd Pennsauken Township, NJ 08110, USA
$4,250,000
$70/SF
Building Size
60,000 SF
Asset Type
Industrial
Closing
Jul 21, 2023
About this deal
AI
The industrial property located at 6850 River Road in Pennsauken has been sold. The property spans 60,000 square feet and was purchased by Fastener Dimensions for a total price of $4,250,000. The sale price per square foot comes to approximately $71.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: $4,250,000
- Address: 6850 River Road, Pennsauken
- Market: Pennsauken
Jonathan Klear from NAI Mertz represented the seller, Wilkins Realty, in this transaction.
The industrial sale at 6850 River Rd Pennsauken Township, NJ 08110, USA in New Jersey, New Jersey sold for $4.3M in 2023. The building is 60,000 square feet, implying about 70 per square foot on the published price. Jonathan Klear, NAI Global appear on the sale alongside NAI Global. This page is the New Jersey, New Jersey file for the 6850 River Rd Pennsauken Township, NJ 08110, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same New Jersey sit in the Market section below. Filter that New Jersey industrial set by closing date to see what else sold near 6850 River Rd Pennsauken Township, NJ 08110, USA around 2023. Published consideration for 6850 River Rd Pennsauken Township, NJ 08110, USA is $4.3M, dated 2023. Cite this Fastener Dimensions Acquires Industrial Property In Pennsauken For $4.25M sale when underwriting similar industrial product around New Jersey, New Jersey.
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New Jersey 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93