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
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.
Players
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