Property Sold At 7937 S Crescent Blvd In Pennsauken With Seller's Rep David Dunkelman
7937 S Crescent BLVD, Pennsauken To...
Building Size
20,000 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
A 20,000-square-foot retail building located at 7937 S. Crescent Blvd., Pennsauken, was sold. The building, constructed in 1985, features convenient access to State Route 130. At the time of sale, the sole tenant was furniture store Howard Hill, and the property is situated in the Pennsauken market.
Summary of transaction details:
- Property Type: Retail building
- Transaction Amount: Undisclosed
- Address: 7937 S. Crescent Blvd, Pennsauken
- Square Footage: 20,000
- Seller’s Representative: David Dunkelman - Soloff Realty & Development
- Buyer: Unknown
- Market: Pennsauken
- Seller: Shane Properties Inc.
David Dunkelman of Soloff Realty & Development represented the seller in this transaction, while a local investment firm acquired the property. The sale included the existing tenant, Howard Hill, at the time of the transaction.
Pennsauken Retail Market Snapshot
Boundary boundary · Retail · 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