Glory Days Properties LLC Acquires Office Building In Voorhees, NJ For $1.045M
707 Haddonfield-Berlin Road, Voorhees, NJ, USA
$1,045,000
$139/SF
Building Size
7,500 SF
Asset Type
Office
Closing
May 19, 2021
AI
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.
Players
Voorhees 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
15.18%
Cash-on-Cash
-4.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93