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52 Locke Avenue, Swedesboro...

MidCap Financial Provides $10.4M Loan For Industrial Property In Swedesboro, NJ
FINANCEDIndustrial

MidCap Financial Provides $10.4M Loan For Industrial Property In Swedesboro, NJ

52 Locke Avenue, Swedesboro, NJ, USA

$10,400,000

$50/SF

Building Size

207,500 SF

Asset Type

Industrial

Closing

Dec 22, 2020

AI

Ryan Horowitz of Cooper Horowitz brokered a loan transaction for an industrial property located at 52 Locke Avenue in Swedesboro, NJ. The loan, provided by MidCap Financial, was valued at $10,400,000. The property is owned by The O'Donnell Group.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $10,400,000
  • Address: 52 Locke Avenue
  • Market: Swedesboro, NJ

Ryan Horowitz of Cooper Horowitz served as the broker for the deal, representing the interests of the buyer, seller, landlord, or tenant. The O'Donnell Group acted as the landlord in this transaction.

Players

Ryan Horowitz

Cooper Horowitz

Broker

$309.7M

vol

12 deals

Broker
MidCap Financial
MidCap FinancialLender

Swedesboro Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93