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89 N Haddon Ave, Haddonfiel...

Healey Education Foundation Leases Office Space In Haddonfield From The Streamwood Co
LEASEDOffice

Healey Education Foundation Leases Office Space In Haddonfield From The Streamwood Co

89 N Haddon Ave, Haddonfield, NJ, 08...

Building Size

2,450 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

An office building located at 89 N Haddon Ave in Haddonfield, NJ, has been leased by a nonprofit organization. The 2,450 square feet space is situated in the Haddonfield business district, providing convenient access to the PATCO Speedline. The property is owned by The Streamwood Co., offering the organization a strategic location for its operations.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Tenant's Representative: Ryan J. Barikian (Wolf Commercial Real Estate)
  • Landlord: The Streamwood Co.
  • Square Feet: 2450

The Healey Education Foundation, represented by WCRE Senior Associate Ryan Barikian, committed to the leased space. The foundation partners with dioceses and philanthropists who support Catholic schools, serving thousands of children across six dioceses in several states. The office building's location also offers easy access to major highways, enhancing the organization's connectivity and presence in the region.

Players

Ryan J. Barikian

Wolf Commercial Real Estate

Broker

7 deals

Broker

Haddonfield 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