QR Financial Leases 8,600 SF Retail Building In Marlton's Evesham Section With Kloss Organization
850 Marlton Pike
Building Size
8,600 SF
Asset Type
Retail
Closing
Jan 12, 2024
AI
Rooted of Evesham, operated by QR Financial LLC, has leased an 8,600 sq ft freestanding retail building located at 850 Route 70 West in Marlton's Evesham section. The property is set to open in April and is owned by Kloss Organization LLC.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not provided
- Square Footage: 8,600
- Address: 850 Route 70 West
- Market: Marlton
The lease deal was facilitated by Brett Davidoff of Rose Commercial Real Estate. Rose Commercial Real Estate represented Rooted of Evesham in their time-sensitive property search and negotiation with Kloss Organization LLC.
Marlton Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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