Glory Days Properties LLC Acquires Office Building In Voorhees, NJ For $1.045M
SOLD
$1,045,000
New Jersey
See Similar DealsOffice7,500 SF
Sold 05/20/2021
SOLD
Glory Days Properties LLC Acquires Office Building In Voorhees, NJ For $1.045M
707 Haddonfield-Berlin Road, Voorhees, NJ, USA
See Similar DealsOffice7,500 SF
Sold 05/20/2021
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$139
Total Square Footage:7,500 SF
Transaction Type:Sale
An office property located at 707 Haddonfield Berlin Road in Voorhees, NJ has been sold. The property, measuring 7,500 square feet, was sold for a price of $1,045,000, resulting in a price per square foot of $139. The transaction took place on May 20, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,045,000
- Address: 707 Haddonfield Berlin Road, Voorhees, NJ
- Market: Voorhees, NJ
The buyer of the property is Glory Days Properties LLC, represented by Morris Starkman. The seller is Condobarn LLC. The deal was facilitated by Adam Rose and Brett Davidoff from Rose Commercial Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,712.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,953.83
Annual Debt Service$59,446.00
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