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201 Crossroads Blvd, Logan ...

Stalwart Equities Secures Bridge Loan For Logan Township Industrial Property
FINANCEDIndustrial

Stalwart Equities Secures Bridge Loan For Logan Township Industrial Property

201 Crossroads Blvd, Logan Township, NJ 08014, USA

$42,750,000

Building Size

Asset Type

Industrial

Closing

Feb 22, 2022

AI

The property involved in this closed transaction is an industrial asset located at 201-801 Crossroads Blvd in Gloucester County, Logan Township. The property spans across 171.3 acres and is situated in a bustling market.

Summary of transaction details:

The loan for this transaction was a bridge loan provided by SKW Funding. Stalwart Equities served as the landlord in this deal. The brokers who represented the parties involved in the transaction were John Alascio, Chuck Kohaut, TJ Sullivan, and John Spreitzer from Cushman & Wakefield.

Players

John Alascio

Cushman & Wakefield

Broker

$5.4B

vol

58 deals

Broker
SKW Funding
SKW FundingLender

Jackson 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

0.37%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93