Updated Oct 25, 2024
BEB Capital Provides $4.5M Acquisition Loan For Industrial Outdoor Storage Deal In Cliffwood, NJ
379 County Rd Cliffwood, NJ 07721, USA
$4,500,000
$1,500,000/SF
Building Size
3 SF
Asset Type
Industrial
Closing
Sep 7, 2023
About this deal
AI
An industrial outdoor storage property located at 379 County Road in Cliffwood, NJ has been involved in a recent loan transaction. The loan, amounting to $4,500,000, was acquired for the purpose of acquisition.
Summary of transaction details
- Property Type: Industrial Outdoor Storage
- Transaction Amount: $4,500,000
- Date: 09/07/2023
- Address: 379 County Road, Cliffwood, NJ
- Market: Cliffwood, NJ
- Lender: BEB Capital - Sean Silverbrook
- Landlord: Ridgecut Road - Eric Shalek & Scott Shalek; Luzern Associates - Nicholas Campofranco
- Brokers: Justin Horowitz - Cooper Horowitz, LLC
The loan transaction, facilitated by BEB Capital and Sean Silverbrook, involved the acquisition of the industrial outdoor storage property at 379 County Road. The property, owned by Ridgecut Road represented by Eric Shalek & Scott Shalek, as well as Luzern Associates represented by Nicholas Campofranco, presented a valuable opportunity for the buyer. Cooper Horowitz, LLC, represented by Justin Horowitz, played a crucial role as brokers in the transaction.
On the Map
$4,500,000
$1,500,000/SF
Industrial
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Players
Market 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93