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7937 S Crescent BLVD, Penns...

Property Sold At 7937 S Crescent Blvd In Pennsauken With Seller's Rep David Dunkelman
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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.

Players

David Dunkelman

Soloff Realty & Development

Broker

2 deals

Broker

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