Fastener Dimensions Acquires Industrial Property In Pennsauken For $4.25M
SOLD
$4,250,000
New Jersey
See Similar DealsIndustrial60,000 SF
Sold 07/21/2023
SOLD
Fastener Dimensions Acquires Industrial Property In Pennsauken For $4.25M
6850 River Rd Pennsauken Township, NJ 08110, USA
See Similar DealsIndustrial60,000 SF
Sold 07/21/2023
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$70
Total Square Footage:60,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02
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