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1 Robertson Drive, Bedminst...

National Life Group Provides $8.1M Loan For Medical Office In Bedminster
FINANCED

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

Max Custer

JLL

Broker

$803.8M

vol

38 deals

Broker
National Life Group
National Life GroupLender

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