S3 Capital Partners Provides $4.6M Acquisition Loan For Industrial Property In Clifton, NJ
180 Kingsland Road, Clifton, New Jersey 07014, United States
$4,600,000
$74/SF
Building Size
61,780 SF
Asset Type
Industrial
Closing
Apr 13, 2022
AI
An industrial property located at 180 Kingsland Rd in Clifton, NJ has been acquired in a closed transaction. The property spans approximately 61,780 square feet. The acquisition was facilitated through a loan provided by S3 Capital Partners.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,600,000
- Address: 180 Kingsland Rd, Clifton, NJ
- Market: Clifton, NJ
The loan was secured by Rob Schwartz, Steven Jemal, and Eric Gleitman. Rob Schwartz and Steven Jemal represented S3 Capital Partners, while Eric Gleitman acted as the broker from Mercury Capital Markets.
Players
Clifton Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93