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1900 Burlington-Mount Holly...

Innovative Life Solutions Leases Office At 1900 Burlington-Mount Holly Rd In Burlington
LEASEDOffice

Innovative Life Solutions Leases Office At 1900 Burlington-Mount Holly Rd In Burlington

1900 Burlington-Mount Holly Rd, West...

Building Size

3,400 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

An office space measuring 3,400 square feet has been leased at 1900 Burlington-Mount Holly Rd, located in Burlington Township. This newly built office is part of a business park developed by Zaman International Development LLC. The property is strategically positioned near the New Jersey Turnpike, Interstate 295, and Route 130, offering convenient access to various retail amenities in the vicinity.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Landlord: Zaman International Development LLC
  • Tenant: Innovative Life Solutions Inc
  • Landlord's Representative: Ryan J. Barikian - Wolf Commercial Real Estate
  • Market: Burlington

Innovative Life Solutions Inc., established in 2003, will use this location as its first space in New Jersey as it expands its operations from Silver Spring, Maryland. The office will be situated within the Burlington Professional Center, which was built to address the increasing demand for medical and office space in the area. Ryan Barikian, a senior associate with Wolf Commercial Real Estate, facilitated this transaction.

Players

Ryan J. Barikian

Wolf Commercial Real Estate

Broker

7 deals

Broker
ZL
Zaman International Development LLCLandlord

Burlington 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