FINANCEDIndustrial
Raymond Cohn Of EDSF Group Secures $32 Million Refinance Loan For Industrial Property In Edison
55 Talmadge Road
$32,000,000
$107/SF
Building Size
296,738 SF
Asset Type
Industrial
Closing
Jun 26, 2026
AI
The property asset involved in this transaction is an industrial facility located at 55 Talmadge Road in Edison. The total square footage of the asset is 287,000. A refinance loan was secured for a total amount of $32,000,000 with a cash out option included in the loan terms.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $32,000,000
- Loan Type: Refinance
- Loan Terms: Cash out
- Landlord: Raymond Cohn - Duck River Textiles, Inc & Sanprinon Properties
- Landlord's Representative: Brad Domenico, John Alascio, Frank Stanislaski, Chuck Kohaut & Ethan Thompson - EDSF Group | CRE Loans - Cushman & Wakefield
The transaction highlights key players such as the landlord, Raymond Cohn, representing both Duck River Textiles, Inc and Sanprinon Properties. The landlord's representatives, from EDSF Group at Cushman & Wakefield, played a crucial role in facilitating the refinance deal.
Players
SP
Sanprinon PropertiesLandlord
Edison 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93