facebook
Traded Co logo
Submit

Danny Lahave's Top Terraces Acquires Mount Laurel Industrial Asset For $51M

Property Image
SOLD
$51,000,000
Randy Blankstein
Joey Cohen

New Jersey

See Similar Deals
Industrial400,000 SF
Sold 07/06/2022
the dealplayerscompscontact
Property Image
SOLD

Danny Lahave's Top Terraces Acquires Mount Laurel Industrial Asset For $51M

750 Centerton Road, Mount Laurel, New Jersey 08054, United States

See Similar Deals
Industrial400,000 SF
Sold 07/06/2022
Randy Blankstein
Joey Cohen
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$127
Total Square Footage:400,000 SF
Transaction Type:Sale

The industrial property located at 750, 760, 770, 780 & 790 Centerton Road in Mount Laurel has been sold for $51,000,000. Spanning over an area of 400,000 square feet, the property was acquired by Danny Lahave of Top Terraces from Regal Ventures, represented by Joey Cohen. The transaction was facilitated by Randy Blankstein of The Boulder Group.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $51,000,000
  • Address: 750, 760, 770, 780 & 790 Centerton Road
  • Market: Mount Laurel
  • Buyer: Danny Lahave - Top Terraces
  • Seller: Regal Ventures - Joey Cohen

The involvement of Randy Blankstein as the broker from The Boulder Group played a crucial role in the successful completion of the deal. The acquisition of this industrial property highlights the growing interest and investment in the Mount Laurel market.

Players

Randy Blankstein
The Boulder Group
Randy Blankstein
70 deals$347.1M volume(847) 562-0003
BROKER
Joey Cohen
Regal Ventures
Joey Cohen
11 deals$148.6M volume
BROKER

Details

SOLD
IMAGE: Randy Blankstein DATE: 07/06/2022 ADDRESS: 750, 760, 770, 780 & 790 Centerton Road MARKET: Mount Laurel ASSET TYPE: Industrial BUYER: Danny Lahave - Top Terraces SELLER: Regal Ventures - Joey Cohen BROKER: Randy Blankstein - The Boulder Group SALE PRICE: $51,000,000 SF: 400,000 ~ PPSF: $128

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)

$2,719,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$181,192.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$241,766.02
Annual Debt Service$2,901,192.23