Updated Oct 29, 2024
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
About this deal
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.
On the Map
$3,200,000
$47/SF
Industrial
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Players
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