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136 Nj-73, Voorhees Townshi...

Updated Oct 29, 2024

Voorhees EA LLC Leases 10000 Square Feet At 136 Nj-73 In Voorhees Township With John's Representation
LEASEDMedical Office

Voorhees EA LLC Leases 10000 Square Feet At 136 Nj-73 In Voorhees Township With John's Representation

136 Nj-73, Voorhees Township, NJ, 08...

Building Size

10,000 SF

Asset Type

Medical Office

Closing

Nov 20, 2023

About this deal

AI

The property asset involved in this transaction is a medical office space located at 136 Route 73, Voorhees Township, NJ. The total area of the property is 10,000 square feet. It is situated in the Voorhees market and is part of a lease agreement recently arranged by WCRE.

Summary of transation details:

  • Property Type: Medical Office
  • Transaction Amount: Not disclosed
  • Address: 136 Route 73, Voorhees Township, NJ
  • Landlord: Voorhees EA LLC
  • Landlord's Representative: John T. Mozzillo - Wolf Commercial Real Estate
  • Tenant: Center Advanced Surgical Excellence LLC

John Mozzillo, a senior associate with WCRE, exclusively represented the landlord, Voorhees EA LLC, in this leasing transaction. An ambulatory surgical center is expected to be established at this location as part of the lease agreement.

On the Map

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Medical Office

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Players

John T. Mozzillo

Wolf Commercial Real Estate

Broker

2 deals

Broker

Voorhees Medical Office Market Snapshot

Boundary boundary · Medical Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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