JLL Arranges $34.5M Construction Loan For Industrial Project At 30 Cross Street, Bogota & Ridgefield Park, NJ
FINANCED
$34,500,000
New Jersey
See Similar DealsIndustrial187,530 SF
Financed 04/06/2023
FINANCED
JLL Arranges $34.5M Construction Loan For Industrial Project At 30 Cross Street, Bogota & Ridgefield Park, NJ
30 Cross Street, Bogota, NJ 07603, USA
See Similar DealsIndustrial187,530 SF
Financed 04/06/2023
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$184
Total Square Footage:187,530 SF
Transaction Type:Loan
The property involved in this closed transaction is an industrial asset located at 30 Cross Street in Bogota & Ridgefield Park. The property spans a total area of 187,530 square feet and sits on 11.71 acres of land.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 04/06/2023
- Address: 30 Cross Street
- Market: Bogota & Ridgefield Park
- Size: 187,530 square feet
- Land Area: 11.71 acres
The landlords involved in this transaction are Invesco Real Estate and The Hampshire Companies. The brokers representing the deal are Michael Klein, John Rose, Jon Mikula, and Ryan Carroll from JLL.
A construction loan in the amount of $34,500,000 was secured for this property.
Players
LENDER
LANDLORD
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$34,500,000.00
Monthly NOI$230,000.00
Monthly Debt Service$218,063.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions