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501 Fellowship Road

Plymouth Rock Assurance Leases 11,262 Square Feet Office At 501 Fellowship Road In Mount Laurel
LEASEDOffice

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

Scott Mertz

NAI Global

Broker

$44.9M

vol

15 deals

Broker
NAI Global
NAI GlobalBrokerage

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