Updated Oct 25, 2024
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
Merchantville 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93