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Wells Fargo Provides $227M Loan For Linden & Logan Township Industrial Portfolio

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FINANCED
$227,000,000

New Jersey

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Industrial4,520,000 SF
Financed 07/26/2022
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Property Image
FINANCED

Wells Fargo Provides $227M Loan For Linden & Logan Township Industrial Portfolio

100 Linden Logistics Way, Linden, New Jersey 07036, United States

See Similar Deals
Industrial4,520,000 SF
Financed 07/26/2022
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$50
Total Square Footage:4,520,000 SF
Transaction Type:Loan

<a href='https://traded.co/agent/john-alascio'><a href='https://traded.co/agent/john-alascio'>John Alascio</a></a>, <a href='https://traded.co/agent/tj-sullivan'><a href='https://traded.co/agent/tj-sullivan'>TJ Sullivan</a></a> & <a href='https://traded.co/agent/chuck-kohaut'><a href='https://traded.co/agent/chuck-kohaut'>Chuck Kohaut</a></a>

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

John Alascio
56 deals$5.3B volume
BROKER

Chuck Kohaut
Cushman & Wakefield
41 deals$3.3B volume
BROKER

TJ Sullivan
Cushman & Wakefield
38 deals$3.1B volume
BROKER

LANDLORD

Details

FINANCED
IMAGE: John Alascio, TJ Sullivan & Chuck Kohaut 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 ~ SF: 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

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$227,000,000.00

Monthly NOI$1,513,333.33
Monthly Debt Service$1,434,794.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00