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
Burlington Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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