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174 Delawanna Avenue, Clift...

The STRO Companies Refinances Industrial Property In Clifton, NJ For $42M With Capital One
FINANCEDIndustrial

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

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

Jack Shulman

The Stro Companies

Broker

$199.2M

vol

12 deals

Broker
Capital One
Capital OneLender
Jack Shulman

Jack Shulman

The Stro Companies

Landlord

$199.2M

vol

12 deals

Landlord

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