Updated Oct 29, 2024
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.
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