Updated Feb 21, 2025
Urban Standard Capital Provides $7M Bridge Loan For Industrial Property In Parsippany, NJ
20 Lanidex Plaza West, Parsippany-Troy Hills, New Jersey 07054, United States
$7,000,000
$124/SF
Building Size
56,230 SF
Asset Type
Industrial
Closing
Mar 1, 2022
About this deal
AI
The industrial property located at 20-30 Lanidex Plaza West in Parsippany, NJ has been involved in a recent transaction. The property spans an area of 56,230 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,000,000
Urban Standard Capital, represented by Seth Weissman, Charlie Brosens, and Harrison Rowen, provided a bridge loan for this transaction. Seth Weissman, Charlie Brosens, and Harrison Rowen are key individuals from Urban Standard Capital who were involved in the deal.
For all bridge and construction lending opportunities, interested parties can reach out to Charlie ([email protected]) and Harrison ([email protected]), as stated by @USC_NYC.
Players
Parsippany 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93