National Life Group Provides $8.1M Loan For Medical Office In Bedminster
1 Robertson Drive, Bedminster, New Jersey 07921, United States
$8,100,000
$208/SF
Building Size
38,925 SF
Asset Type
—
Closing
Mar 27, 2022
AI
A 10-year, fixed-rate loan of $8,100,000 was secured for a medical office located at 1 Robertson Drive in Bedminster. The property spans 38,925 square feet and sits on 3.9 acres of land. The loan was obtained from National Life Group.
Summary of transation details
- Property Type: Medical Office
- Transaction Amount: $8,100,000
- Address: 1 Robertson Drive
- Market: Bedminster
- Square Footage: 38,925
- Acres: 3.9
The landlord for this property is DGLV Properties LLC. The brokers involved in the deal were Jon Mikula, Max Custer, and Salvatore Buzzerio of JLL Capital Markets.
Players
Bedminster CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93