Plymouth Rock Assurance Leases 11,262 Square Feet Office At 501 Fellowship Road In Mount Laurel
501 Fellowship Road
Building Size
—
Asset Type
Office
Closing
Sep 5, 2025
AI
The property asset involved in this lease transaction is located at 501 Fellowship Road in Mount Laurel. This office space encompasses a total of 11,262 square feet and is part of a Class A office building. Following this lease, the building reaches an occupancy rate of 90%, with one suite still available for lease.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 501 Fellowship Road
- Market: Mount Laurel
- Landlord: Jonathan Rubin - Modani Properties
- Tenant: Plymouth Rock Assurance
- Brokers: Scott Mertz & John Adderly - NAI Mertz
This transaction was facilitated by Jonathan Rubin of Modani Properties, who acted as the landlord. The tenant, Plymouth Rock Assurance, has secured the lease through representation from brokers Scott Mertz and John Adderly of NAI Mertz, contributing to the successful leasing of the space.
Players
Mount Laurel 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