SOLDIndustrial
Faropoint Acquires Industrial Property From Chaim Nourolla In Cherry Hill For $10.8M
$10,800,000
$112/SF
Building Size
96,000 SF
Asset Type
Industrial
Closing
Jun 14, 2026
AI
The property involved in the transaction is an industrial asset located at 1152 Marlkress Road in Cherry Hill, NJ. It was sold for $10,800,000, encompassing a total of 96,000 square feet, resulting in a price per square foot of $112.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,800,000
- Address: 1152 Marlkress Road
- Market: Cherry Hill, NJ
- Square Footage: 96,000
- Price per Square Foot: $112
- Buyer: Faropoint
- Seller: Chaim Nourolla
- Brokers: Jack Zalta & Emil Shabot - KSR
Key individuals involved in the transaction include the buyer, Faropoint, and the seller, Chaim Nourolla. The brokers facilitating the deal are Jack Zalta and Emil Shabot, representing KSR in the transaction.
Players
Market 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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93