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:
- Property Type: Office
- Transaction Amount: Not available
- Market: Mount Laurel
- Tenants: Hatzel & Buehler Inc., Ceteris Hold Co.
- Landlord: Mount Laurel Holdings II LLC
- Landlord's Rep: Leor Hemo (Vantage Real Estate Services)
- Brokers: Leor Hemo (Vantage Commercial), PernaFrederick, Markeim-Chalmers Inc.
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
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