Dino Tomassetti Acquires Self Storage Property In Lyndhurst, NJ For $14.5M
FINANCED
$14,500,000
New Jersey
See Similar DealsIndustrial33,136 SF
Financed 05/08/2020
FINANCED
Dino Tomassetti Acquires Self Storage Property In Lyndhurst, NJ For $14.5M
1 Terminal Rd, Lyndhurst, NJ, USA
See Similar DealsIndustrial33,136 SF
Financed 05/08/2020
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$437
Total Square Footage:33,136 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,500,000.00
Monthly NOI$96,666.67
Monthly Debt Service$91,649.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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