The STRO Companies Refinances Industrial Property In Clifton, NJ For $42M With Capital One
174 Delawanna Avenue, Clifton, NJ 07014
$42,000,000
$190/SF
Building Size
220,000 SF
Asset Type
Industrial
Closing
Aug 9, 2020
AI
The industrial property located at 174 Delawanna Ave in Clifton, NJ has recently undergone a refinancing transaction. The loan was provided by Capital One, with Katie Kennedy representing the lender. The loan amount for this transaction was $42,000,000. The property is owned by The STRO Companies, with Jack Shulman serving as the landlord. The property is situated in the North NJ market and falls under the industrial asset type.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $42,000,000
- Lender: Capital One - Katie Kennedy
- Landlord: The STRO Companies - Jack Shulman
The STRO Companies, led by Jack Shulman, is actively looking to acquire industrial-warehouse properties in North NJ. For property submissions or further consideration, please contact Jack Shulman at (551) 276-5062 or via email at [email protected].
Players
Clifton 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93