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460 Veterans Dr, Burlington...

Vitality Hospice Care Leases 2918 Square Feet At 460 Veterans Dr Burlington From H & W Holding Group LLC Représenté Par Kevin Coleman Wolf Commercial Real Estate
LEASEDOffice

Vitality Hospice Care Leases 2918 Square Feet At 460 Veterans Dr Burlington From H & W Holding Group LLC Représenté Par Kevin Coleman Wolf Commercial Real Estate

460 Veterans Dr, Burlington, NJ, 08016

Building Size

2,918 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property involved in this transaction is a Class B office located at 460 Veterans Dr, Burlington, NJ, 08016, encompassing 2,918 square feet. This office building comprises a total of 63,400 square feet and was constructed in 1984. It provides convenient access to major transportation routes, including the New Jersey Turnpike, the New Jersey Transit River Line station, and Interstate 295.

Summary of transaction details:

In this transaction, Kevin Coleman from Wolf Commercial Real Estate represented both the landlord, H & W Holding Group LLC, and the tenant, Vitality Hospice Care, in the lease negotiations, showcasing collaborative efforts from the representatives to secure the deal.

Players

Victor DeJesus

Wolf Commercial Real Estate

Broker

$2M

vol

2 deals

Broker

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