Updated Oct 29, 2024
TD Bank Provides $1.7M Loan For Industrial Acquisition In Pompton Plains, NJ: Brad Domenico & John Libretti - Progress Capital
220 West Parkway, Pompton Plains, NJ 07444, USA
$1,700,000
$12/SF
Building Size
140,000 SF
Asset Type
Industrial
Closing
Mar 31, 2021
About this deal
AI
The industrial property located at 220 West Parkway in Pompton Plains, NJ was recently acquired through a loan. The transaction took place on April 1, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,700,000
The loan for this acquisition was provided by TD Bank. Progress Capital, represented by Brad Domenico and John Libretti, acted as brokers in the deal.
The industrial loan at 220 West Parkway, Pompton Plains, NJ 07444, USA in Pompton Plains, New Jersey financed for $1.7M in 2021. The building is 140,000 square feet, implying about 12 per square foot on the published price. Brad Domenico, John Libretti, Progress Capital appear on the loan alongside Progress Capital. This page is the Pompton Plains, New Jersey file for the 220 West Parkway, Pompton Plains, NJ 07444, USA industrial financed: pricing, party profiles, and other closed industrial comps from the same Pompton Plains sit in the Market section below. Filter that Pompton Plains industrial set by closing date to see what else financed near 220 West Parkway, Pompton Plains, NJ 07444, USA around 2021. Published consideration for 220 West Parkway, Pompton Plains, NJ 07444, USA is $1.7M, dated 2021. Cite this TD Bank Provides $1.7M Loan For Industrial Acquisition In Pompton Plains, NJ: Brad Domenico & John Libretti - Progress Capital loan when underwriting similar industrial product around Pompton Plains, New Jersey.
Players
Pompton Plains 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93