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702 E Main St, Moorestown, ...

Good Life Learning LLC Acquires 6500 SF Property From Victoria Properties Trust With Broker Christopher Henderson
SOLDMedical Office

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

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.

Players

Christopher Henderson

JLL

Broker

3 deals

Broker

Moorestown Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale 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