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112 W Park Dr, Mount Laurel...

Ceteris Hold Co. Leases Office Space At 112 W Park Dr In Mount Laurel
LEASEDOffice

Ceteris Hold Co. Leases Office Space At 112 W Park Dr In Mount Laurel

112 W Park Dr, Mount Laurel, NJ, 08054

Building Size

Asset Type

Office

Closing

Nov 20, 2023

AI

The Executive Campus at East Gate in Mount Laurel, NJ, at 112 West Park Drive, has reached full occupancy with two new leases totalling 17,600 square feet. The office building spans 113,000 square feet and is now fully leased out. The landlord, Mount Laurel Holdings II LLC, oversaw the leases at the property.

Summary of transaction details:

Vantage RES, represented by Leor Hemo and Aran Ploshansky, facilitated the leases for Hatzel & Buehler Inc. and Ceteris Hold Co. in the transactions. The firms PernaFrederick and Markeim-Chalmers Inc. also played key roles in representing the tenants. A notable detail is that this move marks Hatzel & Buehler Inc.'s entry into the South Jersey market, providing strategic access to major roadways like the New Jersey Turnpike and Interstate 295. The lease agreements have brought full occupancy to the Executive Campus, adding to the diverse tenant mix that includes companies like Comcast and Financial Freedom Mortgage LLC.

Players

Leor Hemo

Vantage Commercial

Broker

2 deals

Broker

Mount Laurel Office Market Snapshot

Boundary boundary · 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