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400 Fellowship Road

Updated Dec 4, 2024

Wolf Commercial Real Estate Secures Lease For US Radiology Specialists At 400 Fellowship Road In Mount Laurel
LEASEDOffice

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

About this deal

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.

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Players

Bethany Brown

Wolf Commercial Real Estate

Broker

$2.1M

vol

2 deals

Broker

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

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