Updated Oct 28, 2024
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
About this deal
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.
On the Map
$8,100,000
$208/SF
View full map
Players
Bedminster CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
Deal FAQ
Visit Salvatore Buzzerio to view all their deals.
Browse New Jersey loans on Traded.
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