Updated Oct 29, 2024
Dino Tomassetti Acquires Self Storage Property In Lyndhurst, NJ For $14.5M
1 Terminal Rd, Lyndhurst, NJ, USA
$14,500,000
$437/SF
Building Size
33,136 SF
Asset Type
Industrial
Closing
May 7, 2020
About this deal
AI
Located at 1 Terminal Road in Lyndhurst, NJ, this self-storage asset was recently involved in a closed transaction. The deal took place on 5/08/2020, with a loan amount of $14,500,000.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $14,500,000
The lender involved in this transaction was TriState Capital Bank. Acting as the landlord, Dino Tomassetti, represented by Asset Realty & Construction Group, played a crucial role. Kathy Anderson from Progress.Capital served as the broker in this deal.
Players
Lyndhurst Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93