FINANCED
Roy Pascal's Commerce Park Investors Secures $10M Loan For Whippany Industrial Property
1 Apollo Drive
Industrial
125,234 SF
125,234 SF
Financed 318 days ago
Summary
Loan
NEW JERSEY
Industrial
125,234 sqft
An industrial property located at 1 Apollo Drive in Whippany, NJ, has been involved in a closed transaction. The property spans approximately 125,234 square feet and was acquired through an acquisition loan.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,000,000
- Loan Amount: $10,000,000
- Loan Type: Acquisition
- Loan Terms: 5.875% Fixed for 5 years with 12 months I/O
Roy Pascal of Commerce Park Investors served as the landlord for this transaction. The brokers involved in the deal were Kathy Anderson and Caillin Boles from Progress Capital.
Players
All
3
Agents
2
Agencies
1
Details
FINANCED
IMAGE: Roy Pascal & Kathy Anderson
DATE: 06/16/2023
ADDRESS: 1 Apollo Drive
MARKET: Whippany, NJ
ASSET TYPE: Industrial ~ SF: 125,234
LANDLORD: Roy Pascal - Commerce Park Investors (@CommerceParkInvestors)
BROKER: Kathy Anderson (@Money.Girl.Kathy) & Caillin Boles (@CBoles21) - Progress Capital (@Progress.Capital)
LOAN AMOUNT: $10,000,000
LOAN TYPE: Acquisition
LOAN TERMS: 5.875% Fixed for 5 years with 12 months I/OView on map
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Address1 Apollo Drive
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