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9240 Commerce Hwy, Pennsauk...

FCA Acquires Property At 9240 Commerce Hwy Pennsauken For $3.2M With Colliers International As Seller's Rep
SOLDIndustrial

FCA Acquires Property At 9240 Commerce Hwy Pennsauken For $3.2M With Colliers International As Seller's Rep

9240 Commerce Hwy, Pennsauken To...

$3,200,000

$47/SF

Building Size

67,600 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

The property involved in the transaction is located at 9240 Commerce Hwy, Pennsauken. This warehouse spans 67,600 square feet and has a total sale price of $3,200,000. The market value for this property is situated within Pennsauken, New Jersey.

Summary of transaction details:

  • Property Type: Warehouse
  • Transaction Amount: $3,200,000.00
  • Address: 9240 Commerce Hwy, Pennsauken
  • Square Footage: 67,600
  • Seller's Representative: Marc Isdaner & Ian Richman - Colliers International
  • Buyer: FCA

The transaction was part of a larger deal that included three industrial properties, with a total combined sale price of $7.5 million. The Bloom Organization was the seller in this series of transactions, which were arranged by representatives Ian Richman and Marc Isdaner from Colliers International.

Players

Ian Richman

Colliers

Broker

$224.2M

vol

8 deals

Broker
FCA
FCABuyer

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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93