Updated Oct 28, 2024
Camber Real Estate Partners Acquires Industrial Property In Pine Brook For $24.9M
60 Chapin Road, Pine Brook, New Jersey 07058, United States
$24,900,000
$96/SF
Building Size
259,230 SF
Asset Type
Industrial
Closing
Mar 10, 2022
About this deal
AI
Located at 60 Chapin Road in Pine Brook, this industrial property spans 259,230 square feet. The acquisition was facilitated by a three-year, $24,900,000 loan provided by Voya Investment Management. Camber Real Estate Partners, represented by Dave Surti, acted as the landlord in this transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $24,900,000
- Address: 60 Chapin Road
- Market: Pine Brook
John Alascio, Chuck Kohaut, TJ Sullivan, and John Spreitzer from Cushman & Wakefield served as brokers in this deal.
On the Map
$24,900,000
$96/SF
Industrial
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Players
Pine Brook 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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93