Updated Oct 29, 2024
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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 2,918
- Address: 460 Veterans Dr, Burlington, NJ, 08016
- Market: Burlington
- Landlord: H & W Holding Group LLC
- Tenant: Vitality Hospice Care
- Landlord's Rep: Kevin Coleman (Wolf Commercial Real Estate)
- Tenant's Rep: Kevin Coleman and Victor DeJesus (Wolf Commercial Real Estate)
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.
On the Map
Office
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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