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103 Central Ave, Mount Laur...

Stag Industrial Holdings LLC Purchases 112000 SF Property On Central Ave In Mount Laurel
SOLDWarehouse

Stag Industrial Holdings LLC Purchases 112000 SF Property On Central Ave In Mount Laurel

103 Central Ave, Mount Laurel, NJ, 08...

Building Size

112,000 SF

Asset Type

Warehouse

Closing

Nov 20, 2023

AI

A 112,000-square-foot industrial building has been sold located at 103 Central Ave, Mount Laurel, NJ. This property features 17-foot clear heights and is situated near State Routes 38 and 73, along with the New Jersey Turnpike. The transaction took place in the Mount Laurel market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 103 Central Ave, Mount Laurel, NJ
  • Square Footage: 112,000
  • Market: Mount Laurel
  • Seller: CoreOne Industrial LLC
  • Buyer: Stag Industrial Holdings LLC
  • Seller's Representative: Jonathan Klear (NAI Mertz)
  • Buyer's Representative: Scott Mertz (NAI Mertz)

Scott Mertz and Jonathan Klear of NAI Mertz facilitated both the sale and procurement of the buyer during this transaction. The deal involved representatives from NAI Mertz serving the interests of the seller, CoreOne Industrial LLC, and the buyer, Stag Industrial Holdings LLC, based in Boston.

Players

Scott Mertz

NAI Global

Broker

$44.9M

vol

15 deals

Broker
SL
Stag Industrial Holdings LLCBuyer

Mount Laurel Warehouse Market Snapshot

Boundary boundary · Warehouse · 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