Rothschild & Associates LLC Acquires Industrial Property In Pennsauken For $8.75M
6955 Central Highway, 6970 Central Highway & 7937 South Crescent Boulevard
$8,750,000
$38/SF
Building Size
228,000 SF
Asset Type
Industrial
Closing
Aug 16, 2024
AI
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.
Pennsauken 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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93