Updated Nov 28, 2024
Prologis Acquires Office Property In Mount Laurel From Veritas Real Estate
112 West Park Drive, Mount Laurel Township, New Jersey 08054, United States
Building Size
114,646 SF
Asset Type
Office
Closing
Mar 1, 2022
About this deal
AI
An office property located at 112 W. Park Drive in Mount Laurel has been sold in a recent transaction. The property spans across 114,646 square feet and sits on a plot of land measuring 16.82 acres.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not provided
- Address: 112 W. Park Drive
- Market: Mount Laurel
- Square Footage: 114,646
- Acres: 16.82
The buyer in this transaction is Prologis represented by Chi Osu. On the other hand, the seller is Veritas Real Estate. The deal was facilitated by brokers Kevin Dudley, Brian Fiumara, Elli Klapper, Jeremy Wernick, Mark Silverman, and Charles Berger from Tri-State Investment Properties - CBRE.
On the Map
Office
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Players
Mount Laurel Office Market Snapshot
Boundary boundary · Office · Sale 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