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:
- Property Type: Industrial
- Transaction Amount: $42,750,000
- Address: 201-801 Crossroads Blvd
- Market: Gloucester County, Logan Township
- Lender: SKW Funding
- Landlord: Stalwart Equities
- Brokers: John Alascio, Chuck Kohaut, TJ Sullivan, and John Spreitzer - Cushman & Wakefield
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
Jackson 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93