Updated Oct 29, 2024
Good Life Learning LLC Acquires 6500 SF Property From Victoria Properties Trust With Broker Christopher Henderson
702 E Main St, Moorestown, NJ, 08057
Building Size
6,500 SF
Asset Type
Medical Office
Closing
Feb 11, 2018
About this deal
AI
702 East Main Street is a +/-6,500 square foot free standing office/medical property located at the intersection of Main Street and Marter Avenue in Downtown Moorestown, New Jersey. The property is situated in the heart of the Moorestown business district and offers easy access to all major highways.
Summary of transaction details:
- Property Type: Office/Medical
- Transaction Amount: Not disclosed
- Address: 702 E Main St, Moorestown, NJ, 08057
- Market: Moorestown
- Buyer: Good Life Learning, LLC.
- Seller: Victoria Properties Trust
- Buyer’s Representative: Christopher Henderson (WCRE)
- Square Footage: 6,500
Chris Henderson serves as the Vice President & Principal of WCRE and exclusively represented both Victoria Properties Trust and Good Life Learning, LLC. in this transaction. Good Life Learning, LLC operates as a traditional tutoring center specializing in providing instructional services aimed at enhancing students' learning capabilities.
On the Map
Medical Office
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Moorestown Medical Office Market Snapshot
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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