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
Swedesboro 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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93