Updated Dec 21, 2023
Meridian Capital Group Arranges $3.7M Acquisition Loan For Industrial Property In Roselle, NJ
314 Cox Street, Roselle, New Jersey 07203, United States
$3,735,000
$145/SF
Building Size
25,640 SF
Asset Type
Industrial
Closing
Mar 24, 2022
About this deal
AI
An industrial property located at 314 Cox Street in Roselle, NJ has been involved in a recent transaction. The property spans a total of 25,640 square feet. The transaction took place on March 25, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,735,000
- Address: 314 Cox Street, Roselle, NJ
- Market: Roselle, NJ
The transaction was facilitated by Simon Rosenfeld from Meridian Capital Group. He represented the buyer/seller/landlord/tenant in the deal.
The transaction involved an acquisition loan of $3,735,000. This loan was utilized for the acquisition of the industrial property located at 314 Cox Street in Roselle, NJ.
Players
Roselle 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
4.25%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93