Updated Oct 28, 2024
Wells Fargo Provides $227M Loan For Linden & Logan Township Industrial Portfolio
100 Linden Logistics Way, Linden, New Jersey 07036, United States
$227,000,000
$50/SF
Building Size
4,520,000 SF
Asset Type
Industrial
Closing
Jul 25, 2022
About this deal
AI
Date: 07/26/2022
Address: 100, 200 Linden Logistics Way & 301 Crossroads Blvd & 2858 U.S. Route 322
Market: Linden & Logan Township
Asset Type: Industrial
Square Footage: 4,520,000
Lender: Wells Fargo
Landlord: Advance Realty Investors & Greek Development
Brokers: John Alascio, TJ Sullivan & Chuck Kohaut - Cushman & Wakefield
Loan Amount: $227,000,000
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $227,000,000
- Address: 100, 200 Linden Logistics Way & 301 Crossroads Blvd & 2858 U.S. Route 322
- Market: Linden & Logan Township
- Lender: Wells Fargo
- Landlord: Advance Realty Investors & Greek Development
- Brokers: John Alascio, TJ Sullivan & Chuck Kohaut - Cushman & Wakefield
- Date: 07/26/2022
The property involved in this transaction is an industrial asset located at the address of 100, 200 Linden Logistics Way & 301 Crossroads Blvd & 2858 U.S. Route 322 in Linden & Logan Township. It spans a total square footage of 4,520,000. The loan for this transaction was provided by Wells Fargo for an amount of $227,000,000. The landlord of this property is Advance Realty Investors & Greek Development. The brokers involved in this deal are John Alascio, TJ Sullivan, and Chuck Kohaut from Cushman & Wakefield.
Players
Linden Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit TJ Sullivan to view all their deals.
Browse New Jersey industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93