Updated Oct 29, 2024
Heat Makers Sense Acquires Property At 6995 Airport Hwy Ln Pennsauken For $2.7M With Brokers Marc Isdaner And Ian Richman
6995 Airport Hwy Ln, Pennsauken Tow...
$2,700,000
$44/SF
Building Size
60,800 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The property involved in the transaction is located at 6995 Airport Hwy Ln, Pennsauken, NJ. It is a manufacturing facility with a total square footage of 60,800. The property was purchased by Heat Makers Sense for a transaction amount of $2,700,000.00. The market associated with this deal is Red Rock.
Summary of transation details:
- Property Type: Manufacturing Facility
- Transaction Amount: $2,700,000.00
- Address: 6995 Airport Hwy Ln, Pennsauken, NJ
- Square Footage: 60,800
- Market: Red Rock
- Seller's Representative: Marc Isdaner & Ian Richman - Colliers International
- Buyer: Heat Makers Sense
The sale was facilitated by Colliers International, with Marc Isdaner and Ian Richman serving as the seller's representatives. The Bloom Organization was the seller in this transaction.
On the Map
$2,700,000
$44/SF
Industrial
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Players
Red Rock Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93