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6995 Airport Hwy Ln, Pennsa...

Heat Makers Sense Acquires Property At 6995 Airport Hwy Ln Pennsauken For $2.7M With Brokers Marc Isdaner And Ian Richman
SOLDIndustrial

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

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.

Players

Ian Richman

Colliers

Broker

$224.2M

vol

8 deals

Broker

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