Updated Mar 11, 2025
Provident Bank Provides $1.6M Acquisition Loan For Industrial Property In Wall Township, NJ
5020 Industrial Road, Wall Township, NJ 07727
$1,600,000
$130/SF
Building Size
12,250 SF
Asset Type
Industrial
Closing
Aug 9, 2020
About this deal
AI
An industrial property located at 5020 Industrial Road in Wall Township, NJ was involved in a recent closed transaction. The property, classified as an industrial asset, was the subject of an acquisition deal.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,600,000
- Address: 5020 Industrial Road, Wall Township, NJ
- Market: Wall Township, NJ
The loan for this acquisition deal was provided by Provident Bank. The loan amount was $1,600,000, representing 80% loan-to-value (LTV) ratio. The terms of the loan included owner occupancy and a 3.50% interest rate.
Representing the transaction were brokers Jeff Feldman and Alan Rosenbaum, who facilitated the deal on behalf of the parties involved.
Players
Wall Township 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93