facebook
Traded Co logo
Submit

Rothschild & Associates LLC Acquires Industrial Property In Pennsauken For $8.75M

Property Image
SOLD
$8,750,000
Ryan Guittare
John Cook

New Jersey

See Similar Deals
Industrial228,000 SF
Sold 08/16/2024
the dealplayerscompscontact
Property Image
SOLD

Rothschild & Associates LLC Acquires Industrial Property In Pennsauken For $8.75M

6955 Central Highway, 6970 Central Highway & 7937 South Crescent Boulevard

See Similar Deals
Industrial228,000 SF
Sold 08/16/2024
Ryan Guittare
John Cook
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$38
Total Square Footage:228,000 SF
Transaction Type:Sale

The property involved in this transaction is an industrial asset located at 6955 & 6970 Central Highway, and 7937 South Crescent Boulevard in Pennsauken. The sale price for the property was $8,750,000, with a total square footage of 76,000, equating to a price per square foot of $115.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $8,750,000
  • Seller: Tony Grelli & Zach Moore - Velocity Venture Partners
  • Buyer: Rothschild & Associates LLC
  • Seller's Representative: Ryan Guittare & John Cook - Newmark

The transaction featured key individuals, including the seller representatives, Ryan Guittare and John Cook from Newmark, who facilitated the sale on behalf of Velocity Venture Partners. The buyer, Rothschild & Associates LLC, completed the acquisition of the property in this transaction.

Players

Ryan Guittare
Newmark
Ryan Guittare
6 deals$161.6M volume
BROKER
John Cook
Newmark
John Cook
1 deal$8.8M volume(215) 246-2776
BROKER

Details

SOLD
IMAGE: Ryan Guittare, John Cook, Tony Grelli & Zach Moore DATE: 08/16/2024 ADDRESS: 6955 & 6970 Central Highway, & 7937 South Crescent Boulevard MARKET: Pennsauken ASSET TYPE: Industrial SELLER: Tony Grelli & Zach Moore - Velocity Venture Partners (@VelocityVenturePartners_) BUYER: Rothschild & Associates LLC SELLER'S REP: Ryan Guittare (@RyanGuittare) & John Cook (@JCook1043) - Newmark (@Newmark) SALE PRICE: $8,750,000 SF: 76,000 ~ PPSF: $115

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$466,666.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,086.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,479.46
Annual Debt Service$497,753.57