FINANCED
Cooper Horowitz Arranges $13M Loan For Self-Storage Acquisition In Newark, NJ
425 Ferry Street
88,777 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
88,777 sqft
The self-storage property located at 425 Ferry St. in Newark, NJ was recently involved in a closed transaction. The property spans approximately 88,777 square feet and is owned by StorageBlue. The deal was facilitated by brokers Richard Horowitz and Justin Horowitz from Cooper Horowitz LLC.
Summary of transation details
- Property Type: Self-Storage
- Transaction Amount: $13,000,000
- Loan Type: Acquisition
Cooper Horowitz LLC arranged a loan of $13,000,000 for the acquisition of the property. The loan includes $9,600,000 in financing and $3,400,000 in LP equity sourced from an Equity Partner.
Players
All
3
Agents
2
Agencies
1
Details
FINANCED
IMAGE: Richard Horowitz, Alan Mruvka & Justin Horowitz
DATE: 05/06/2022
ADDRESS: 425 Ferry St.
MARKET: Newark, NJ
ASSET TYPE: Self-Storage ~ SF: 88,777
LANDLORD: StorageBlue
BROKERS: Richard Horowitz & Justin Horowitz - Cooper Horowitz LLC
LOAN AMOUNT: $13,000,000
LOAN TYPE: Acquisition
NOTE FROM BROKERS: Cooper Horowitz, LLC arranged $9,600,000 in acquisition financing & sourced an Equity Partner to provide $3,400,000 in LP Equity.View on map
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Address425 Ferry Street
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