Columbia Bank Refinances Industrial Office In East Hanover, NJ For $3.35M
FINANCED
$3,350,000
New Jersey
See Similar DealsIndustrial23,500 SF
Financed 03/21/2022
FINANCED
Columbia Bank Refinances Industrial Office In East Hanover, NJ For $3.35M
17 West St, East Hanover, New Jersey 07936, United States
See Similar DealsIndustrial23,500 SF
Financed 03/21/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$142
Total Square Footage:23,500 SF
Transaction Type:Loan
Located at 17 West Street in East Hanover, NJ, this industrial office property spans a total of 23,500 square feet. The property was involved in a recent loan transaction.
Summary of transaction details
- Property Type: Industrial Office
- Transaction Amount: $3,350,000
- Date: 03/21/2022
- Address: 17 West Street, East Hanover, NJ
- Lender: Columbia Bank
- Landlord: Roy Pascal
- Brokers: Kathy Anderson & Caillin Boles - Progress Capital
The loan amount for this transaction was $3,350,000, and it was a refinance loan. The property's landlord, Roy Pascal, was represented by Kathy Anderson & Caillin Boles from Progress Capital.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,350,000.00
Monthly NOI$22,333.33
Monthly Debt Service$21,174.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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