Updated Mar 11, 2025
JLL Brokers Facilitate Loan For Industrial Property In East Brunswick
16 Edgeboro Rd, East Brunswick, NJ, 0...
Building Size
—
Asset Type
Industrial
Closing
Nov 22, 2023
About this deal
AI
Edgeboro Corporate Center is an 84,000-square-foot industrial property located in East Brunswick, New Jersey. The property, constructed in 1977, features clear heights of 19 feet and 20 dock-high doors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Address: 16 Edgeboro Rd, East Brunswick, NJ
- Market: East Brunswick
- Borrower's Rep: Michael Klein(JLL), Michael Lachs(JLL)
- Lender: Undisclosed life insurance company
The financing for Edgeboro Corporate Center was arranged by Michael Klein, Jon Mikula, and Michael Lachs of JLL through an undisclosed life insurance company on behalf of the borrower, Denholtz Properties based in New Jersey. The loan, with a 10-year term and fixed interest rate, facilitated the refinancing of the industrial property.
On the Map
Industrial
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Players
East Brunswick 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93