Updated Sep 5, 2024
Colliers Facilitates $10.2M Sale Of Industrial Property In Pennsauken
720 Hylton Rd Pennsauken Township, Nj 08110, Usa
$10,205,000
$97/SF
Building Size
104,500 SF
Asset Type
Industrial
Closing
Aug 15, 2023
About this deal
AI
A 104,500 sq ft flex industrial property located at 720 Hylton Road in Pennsauken has been sold for $10.205 million. The property is currently tenanted by American Furniture Rentals. This transaction was brokered by Eric Grad from Colliers and completed within 75 days by a top-tier private equity firm in the mid-Atlantic.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,205,000
- Address: 720 Hylton Road
- Market: Pennsauken
- Broker: Eric Grad - Colliers
- Square Feet: 104,500
- Price Per Square Foot: $98
The sale of the industrial property in Pennsauken marks a significant transaction in the real estate market. Eric Grad of Colliers played a crucial role in facilitating the deal. This acquisition was executed by a prominent private equity firm within the mid-Atlantic region, showcasing their interest in the industrial sector.
Players
Sunderland 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
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93