Updated Dec 3, 2024
Cronheim Mortgage Arranges $10M Loan For Industrial Property In Orange, CT With Amazon As Tenant
2 Boston Post Road, Orange, CT, USA
$10,000,000
$72/SF
Building Size
137,670 SF
Asset Type
Industrial
Closing
Nov 22, 2021
About this deal
AI
The industrial property located at 2 Boston Post Rd in Orange, CT has been involved in a recent transaction. The property spans approximately 137,670 square feet and is categorized as an industrial asset.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 11/22/2021
- Address: 2 Boston Post Rd, Orange, CT
- Market: Orange, CT
- Tenant: Amazon
- Borrowers: Dev Morris, Andrew Stewart, and Allison Villamagna
- Lender: Cronheim Mortgage
- Loan Amount: $10,000,000
- Loan Terms: 10 years, Interest Only
The loan for this transaction was secured for a total amount of $10,000,000. The loan terms include a duration of 10 years and an interest-only repayment structure.
Players
Orange Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93