Alfred Sanzari Enterprises Inc. Refinancing Loan In Elmwood Park Industrial For $12.2M
481 Edward H Ross Drive, Elmwood Park, New Jersey 07407, United States
$12,200,000
$107,964/SF
Building Size
113 SF
Asset Type
Industrial
Closing
Apr 17, 2023
AI
A loan transaction has taken place for an industrial property located at 481 & 491 Edward H. Ross Drive in Elmwood Park. The property spans approximately 113,700 square feet and is owned by Alfred Sanzari Enterprises Inc.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,200,000
- Loan Type: Refinancing Loan
- Loan Terms: 10-year, fixed-rate
- Lender: Minnesota Life Insurance Co
JLL Capital Markets represented the borrower in this transaction. The team involved in the deal includes Thomas R. Didio, Thomas E. Didio Jr., Salvatore Buzzerio, and Benjamin Morgenthal.
Players
Elmwood Park 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
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93