Updated Oct 28, 2024
The O'Donnell Group Refinances Industrial Property In Bordentown, NJ For $21M
201 Elizabeth Street, South Bound Brook, NJ 08880
$21,000,000
$3,352/SF
Building Size
6,264 SF
Asset Type
Industrial
Closing
May 6, 2021
About this deal
AI
The O'Donnell Group has refinanced an industrial property located at 201 Elizabeth Street in Bordentown, NJ. The loan amount for this transaction was $21,000,000. The property is situated in a market known for industrial assets.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,000,000
- Address: 201 Elizabeth Street, Bordentown, NJ
- Market: Bordentown, NJ
- Loan Type: Refinance
- Landlord: The O'Donnell Group
- Brokers: Ryan & Jeffrey Horowitz representing CooperHorowitz
Ryan & Jeffrey Horowitz, from the agency CooperHorowitz, were the brokers involved in this refinancing deal.
On the Map
$21,000,000
$3,352/SF
Industrial
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Players
South Bound Brook 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93