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7400 S Crescent Blvd, Penns...

Updated Oct 25, 2024

Angelo Borrello Acquires Industrial Property In Pennsauken Township, NJ For $1.5M
SOLDIndustrial

Angelo Borrello Acquires Industrial Property In Pennsauken Township, NJ For $1.5M

7400 S Crescent Blvd, Pennsauken Township, NJ, USA

$1,500,000

$25/SF

Building Size

60,000 SF

Asset Type

Industrial

Closing

Aug 19, 2020

About this deal

AI

An industrial property located at 7400 S Crescent Blvd in Pennsauken Township, NJ has been sold for a price of $1,500,000. The property spans across 60,000 square feet, resulting in a price per square foot of $25. The total area of the property is 1.37 acres, with a price per acre of $1,094,891.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,500,000
  • Address: 7400 S Crescent Blvd, Pennsauken Township, NJ
  • Market: Pennsauken Township, NJ
  • Buyer: Angelo Borrello
  • Seller: Charles G Donald T
  • Square Footage: 60,000
  • Price per Square Foot: $25
  • Total Acres: 1.37
  • Price per Acre: $1,094,891

Angelo Borrello has acquired the property from Charles G Donald T. Capri Management & Consulting, a company actively seeking industrial and self storage properties in NY & NJ, may also be contacted for further information on available properties or to share a potential property for sale. They can be reached at [email protected].

Players

Angelo Borrello

Buyer

$7.5M

vol

3 deals

Buyer

Merchantville Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $25 per square foot on a published $1.5M for 60,000 square feet (2020).

Visit Angelo Borrello to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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