$50.5 Million Sale Of Property At 600 Horizon Dr In Hamilton Township With Kevin Welsh As Seller's Rep
600 Horizon Dr, Hamilton Township, N...
$50,500,000
Building Size
—
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
A two-building office portfolio located at 600 Horizon Dr, Hamilton Township, N.J. has been sold for $50,500,000. The properties are leased to Verizon Communications and AAA, with a total square footage of 0. The market for this transaction is Hamilton.
Summary of transaction details:
- Property Type: Office Portfolio
- Transaction Amount: $50,500,000.00
- Address: 600 Horizon Dr, Hamilton Township, N.J.
- Market: Hamilton
- Seller: Mack-Cali Realty
- Seller's Rep: Kevin Welsh (Newmark)
- Buyer: Unknown
- Other Properties: 700 Horizon Drive leased to AAA
The transaction was brokered by NKF Capital Markets, with key individuals involved including Steven Schultz, Steve Tolkach, Tony Georgiev, and Brian Schulz, alongside Kevin Welsh representing the seller in this deal.
On the Map
$50,500,000
Office
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Players
Hamilton 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93