Updated Sep 30, 2025
Brookfield Provides $107.4M Acquisition & Construction Loan For Industrial Property In Bayonne
42 Military Ocean Terminal Bayonne, New Jersey
$107,400,000
$322/SF
Building Size
332,640 SF
Asset Type
Industrial
Closing
Nov 24, 2021
About this deal
AI
42 Military Ocean Terminal in Bayonne has been acquired through an acquisition and construction loan. The industrial property spans 332,640 square feet and sits on 45.4 acres.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $107,400,000
- Address: 42 Military Ocean Terminal, Bayonne
- Market: Bayonne
- Loan Type: Acquisition & Construction
The loan for the acquisition and construction of 42 Military Ocean Terminal was provided by brookfield''>Brookfield. The property is owned by Lincoln Equities Group and PCCP. The deal was facilitated by brokers John Alascio, Chuck Kohaut, T.J. Sullivan, Zachary Kraft, Gary Gabriel, and Kyle Schmidt from Cushman & Wakefield.
Players
Bayonne 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93