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10 Independence Blvd.

Amboy Bank Provides $17M Acquisition Loan For Office Property In Warren, NJ
FINANCEDOffice

Amboy Bank Provides $17M Acquisition Loan For Office Property In Warren, NJ

10 Independence Blvd.

$17,000,000

$140/SF

Building Size

121,000 SF

Asset Type

Office

Closing

Mar 15, 2023

AI

The office property located at 10 Independence Blvd in Warren, NJ was recently involved in an acquisition loan transaction. The property spans a total of 121,000 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $17,000,000
  • Address: 10 Independence Blvd, Warren, NJ
  • Market: Warren, NJ

The loan for the acquisition was provided by Amboy Bank. Abe Brach of Signature Acquisitions serves as the landlord for the property. Brad Domenico and Frank Stanislaski from Progress Capital acted as the loan representatives. The sales representatives involved in the transaction were Frank DiTommaso and David Bernhaut from Cushman & Wakefield.

Players

Brad Domenico

Cushman & Wakefield

Broker

$3.7B

vol

135 deals

Broker
Amboy Bank
Amboy BankLender

Abe Brach

Signature Acquisitions

Landlord

$17M

vol

2 deals

Landlord

Dover Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93