Wolf Commercial Real Estate Secures Lease For US Radiology Specialists At 400 Fellowship Road In Mount Laurel
400 Fellowship Road
Building Size
16,375 SF
Asset Type
Office
Closing
Oct 2, 2023
AI
The lease transaction involved a commercial property located at 400 Fellowship Road in Mount Laurel, New Jersey. This Class 'A' office building spans approximately 16,375 square feet, and it is currently 95% occupied. The property offers a prime location and comes with various amenities. There is still 2,200 square feet of premium office space available for lease.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 400 Fellowship Road, Mount Laurel, New Jersey
- Market: Mount Laurel
- Landlord: Triumvirate Investment, LLC
- Tenant: US Radiology Specialists, Inc - John Perkins
- Broker: Bethany Brown - Wolf Commercial Real Estate
Wolf Commercial Real Estate (WCRE) represented Triumvirate Investment, LLC in successfully securing approximately 16,375 square feet of office space at 400 Fellowship Road for US Radiology Specialists, Inc. The deal was facilitated by Bethany Brown, a broker from WCRE. The lease transaction adds to the already high occupancy rate of the Class 'A' office building.
Fellowship 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